1, GORSE CLOSE, MUNDESLEY, NORWICH, NR11 8JZ - £275,000

1 GORSE CLOSE is a large extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £275,000 in October 2019, which was around 23% below the average October 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was B, and the potential energy rating was B.

1 GORSE CLOSE Sold Prices

Land registry data shows three sales for 1 GORSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. One of the three 1 GORSE CLOSE sales was for below the average price, whilst two were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 18 OCT	£275,000	£355,649	23% below HPI
1999 2 AUG	£99,500	£89,913	11% above HPI
1998 22 DEC	£85,000	£82,099	4% above HPI

1 GORSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 1 GORSE CLOSE sales between December 1998 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 1999 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 GORSE CLOSE?

1 GORSE CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 1 GORSE CLOSE lies on this distribution: 67% of detached houses are smaller than 1 GORSE CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

1 GORSE CLOSE: Plot and Title Map

1 GORSE CLOSE sits on a plot of roughly 0.161 of an acre, or 650m². The below map shows the location of 1 GORSE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GORSE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GORSE CLOSE?

1 GORSE CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 1 on GORSE CLOSE.