5, GROVE LANE, FAKENHAM, NR21 8JT - £195,000

5 GROVE LANE is a midsized extended detached house of 105m², built sometime between 1976 and 1982. It was last sold for £195,000 in March 2007, which was around 17% below the average March 2007 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

5 GROVE LANE Sold Prices

Land registry data shows four sales for 5 GROVE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Most of the four 5 GROVE LANE 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
2007 27 MAR	£195,000	£235,812	17% below HPI
2003 12 MAY	£183,000	£169,485	8% above HPI
2000 27 OCT	£105,000	£109,473	4% below HPI
1999 21 JAN	£60,000	£84,782	29% below HPI

5 GROVE LANE 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 four 5 GROVE LANE sales between January 1999 and March 2007 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 May 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2007 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 5 GROVE LANE?

5 GROVE LANE is 105m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the largest 50% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 5 GROVE LANE lies on this distribution: 58% of detached houses are smaller than 5 GROVE LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

5 GROVE LANE: Plot and Title Map

5 GROVE LANE sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 5 GROVE LANE, 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 GROVE LANE). 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 GROVE LANE?

5 GROVE LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 5 on GROVE LANE.