2, LANCASTER RISE, MUNDESLEY, NORWICH, NR11 8JE - £440,000

2 LANCASTER RISE is a very large extended detached house of 189m², built sometime between 1983 and 1990. It was last sold for £440,000 in August 2022, which was around 2% above the average August 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

2 LANCASTER RISE Sold Prices

Land registry data shows four sales for 2 LANCASTER RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 2 LANCASTER RISE sales 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
2022 4 AUG	£440,000	£430,498	2% above HPI
2003 31 OCT	£198,500	£186,787	6% above HPI
1997 12 DEC	£86,000	£79,392	8% above HPI
1995 12 APR	£81,950	£67,483	21% above HPI

2 LANCASTER RISE 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 four 2 LANCASTER RISE sales between April 1995 and August 2022 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 October 2003 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 LANCASTER RISE?

2 LANCASTER RISE is 189m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 2 LANCASTER RISE lies on this distribution: 94% of detached houses are smaller than 2 LANCASTER RISE, and 6% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

2 LANCASTER RISE: Plot and Title Map

2 LANCASTER RISE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 2 LANCASTER RISE, 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 2 LANCASTER RISE). 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 2 LANCASTER RISE?

2 LANCASTER RISE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 2 on LANCASTER RISE.