7, FAIRFIELD CLOSE, MUNDESLEY, NORWICH, NR11 8BZ - £245,000

7 FAIRFIELD CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £245,000 in August 2021, which was around 34% below the average August 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

7 FAIRFIELD CLOSE Sold Prices

Land registry data shows two sales for 7 FAIRFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 7 FAIRFIELD CLOSE sales were for below 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
2021 27 AUG	£245,000	£372,074	34% below HPI
2015 3 AUG	£167,000	£286,328	42% below HPI

7 FAIRFIELD 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 two 7 FAIRFIELD CLOSE sales from August 2015 and August 2021 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 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 7 FAIRFIELD CLOSE?

7 FAIRFIELD CLOSE is 77m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses in Mundesley, based on EPC data. The below chart shows the distribution of detached houses by size in Mundesley, and where 7 FAIRFIELD CLOSE lies on this distribution: 19% of detached houses are smaller than 7 FAIRFIELD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Mundesley.

7 FAIRFIELD CLOSE: Plot and Title Map

7 FAIRFIELD CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 7 FAIRFIELD 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 7 FAIRFIELD 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 7 FAIRFIELD CLOSE?

7 FAIRFIELD CLOSE is located in MUNDESLEY, in the NR11 postcode district. The below map shows the position of No. 7 on FAIRFIELD CLOSE.