2, THE MUSTARD MILL, BRACONDALE MILLGATE, NORWICH, NR1 2FB - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 THE MUSTARD MILL is a very large terraced house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £511,302. It was last sold for £425,000 in August 2019, which was around 107% above the average August 2019 terraced price in the Norwich local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 THE MUSTARD MILL Sold Prices

Land registry data shows two sales for 2 THE MUSTARD MILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Norwich local authority area for the corresponding sale date. Both of the two 2 THE MUSTARD MILL 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
2019 15 AUG	£425,000	£204,935	107% above HPI
2002 16 AUG	£215,000	£93,566	130% above HPI

2 THE MUSTARD MILL Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Norwich local authority area over time, sourced from the HPI. The two 2 THE MUSTARD MILL sales from August 2002 and August 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 2002 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the August 2019 sale, where it falls to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might 2 THE MUSTARD MILL be worth now?

2 THE MUSTARD MILL might now be worth an estimated £511,302.

This is based on house price inflation of 20.3%, between August 2019 and October 2025, for terraced houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 2 THE MUSTARD MILL of £425,000 on 15th August 2019. For the value to have increased from £425,000 to £511,302 over the five years and ten months to October 2025, the following assumptions must hold true:

• The value of 2 THE MUSTARD MILL has moved in line with the HPI for terraced houses in the Norwich local authority area.
• The August 2019 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE MUSTARD MILL has not materially changed since August 2019.

How Large is 2 THE MUSTARD MILL?

2 THE MUSTARD MILL is 150m² according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of terraced houses houses in Norwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Norwich, and where 2 THE MUSTARD MILL lies on this distribution: 81% of terraced houses houses are smaller than 2 THE MUSTARD MILL, and 18% of houses are larger. Note that EPC data is not available for all properties in Norwich.

2 THE MUSTARD MILL: Plot and Title Map

2 THE MUSTARD MILL sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 2 THE MUSTARD MILL, 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 THE MUSTARD MILL). 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 THE MUSTARD MILL?

2 THE MUSTARD MILL is located on BRACONDALE MILLGATE in NORWICH, in the NR1 postcode district. The below map shows the position of 2 THE MUSTARD MILL on BRACONDALE MILLGATE.