8, MILL CLOSE, HICKLING, NORWICH, NR12 0YT - £252,500

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.

8 MILL CLOSE is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £266,788. It was last sold for £252,500 in November 2020, which was around 35% below the average November 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

8 MILL CLOSE Sold Prices

Land registry data shows three sales for 8 MILL 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. All of the three 8 MILL 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
2020 19 NOV	£252,500	£389,113	35% below HPI
2017 1 JUN	£195,000	£319,167	39% below HPI
2010 26 AUG	£148,500	£248,939	40% below HPI

8 MILL 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 8 MILL CLOSE sales between August 2010 and November 2020 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 June 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £266,788.

This is based on house price inflation of 5.7%, between November 2020 and May 2026, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.7% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £252,500 on 19th November 2020. For the value to have increased from £252,500 to £266,788 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2020 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since November 2020.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 68m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hickling, and where 8 MILL CLOSE lies on this distribution: 3% of detached houses houses are smaller than 8 MILL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Hickling.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 8 MILL 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 8 MILL 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 8 MILL CLOSE?

8 MILL CLOSE is located in HICKLING, in the NR12 postcode district. The below map shows the position of No. 8 on MILL CLOSE.