2, VALLEY WAY, FAKENHAM, NR21 8PH - £270,000

2 VALLEY WAY is a large detached house of 120m², built sometime between 1996 and 2002. It was last sold for £270,000 in January 2021, which was around 28% below the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 VALLEY WAY Sold Prices

Land registry data shows two sales for 2 VALLEY WAY 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 2 VALLEY WAY 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 28 JAN	£270,000	£376,042	28% below HPI
2001 24 SEP	£120,000	£125,833	5% below HPI

2 VALLEY WAY 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 2 VALLEY WAY sales from September 2001 and January 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 September 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 VALLEY WAY?

2 VALLEY WAY is 120m² according to the EPC inspection conducted in October 2019. This puts it in the largest 30% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 2 VALLEY WAY lies on this distribution: 72% of detached houses are smaller than 2 VALLEY WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 VALLEY WAY: Plot and Title Map

2 VALLEY WAY sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 2 VALLEY WAY, 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 VALLEY WAY). 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 VALLEY WAY?

2 VALLEY WAY is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 2 on VALLEY WAY.