5, FORGE ORCHARDS, MULBARTON, NORWICH, NR14 8JH - £525,000

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.

5 FORGE ORCHARDS is a large extended detached house of 134m², built sometime between 1976 and 1982, which could now be worth an estimated £529,785. It was last sold for £525,000 in July 2023, which was around 23% above the average July 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

5 FORGE ORCHARDS Sold Prices

Land registry data shows two sales for 5 FORGE ORCHARDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 5 FORGE ORCHARDS 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
2023 31 JUL	£525,000	£426,806	23% above HPI
2015 1 SEP	£340,000	£295,809	15% above HPI

5 FORGE ORCHARDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 5 FORGE ORCHARDS sales from September 2015 and July 2023 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 September 2015 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2023 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 5 FORGE ORCHARDS be worth now?

5 FORGE ORCHARDS might now be worth an estimated £529,785.

This is based on house price inflation of 0.9%, between July 2023 and April 2026, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% inflationary increase is applied to the most recent sale price for 5 FORGE ORCHARDS of £525,000 on 31st July 2023. For the value to have increased from £525,000 to £529,785 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 5 FORGE ORCHARDS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2023 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FORGE ORCHARDS has not materially changed since July 2023.

How Large is 5 FORGE ORCHARDS?

5 FORGE ORCHARDS is 134m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 40% of detached houses houses in Mulbarton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mulbarton, and where 5 FORGE ORCHARDS lies on this distribution: 61% of detached houses houses are smaller than 5 FORGE ORCHARDS, and 38% of houses are larger. Note that EPC data is not available for all properties in Mulbarton.

5 FORGE ORCHARDS: Plot and Title Map

5 FORGE ORCHARDS sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 5 FORGE ORCHARDS, 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 5 FORGE ORCHARDS). 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 5 FORGE ORCHARDS?

5 FORGE ORCHARDS is located in MULBARTON, in the NR14 postcode district. The below map shows the position of No. 5 on FORGE ORCHARDS.