TWO WAYS, GORMANS LANE, COLKIRK, FAKENHAM, NR21 7NP - £510,000

TWO WAYS is a very large detached house of 195m². It was last sold for £510,000 in February 2021, which was around 59% above the average February 2021 detached price in the Breckland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was B, and the potential energy rating was A.

TWO WAYS Sold Prices

Land registry data shows two sales for TWO WAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two TWO WAYS 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
2021 5 FEB	£510,000	£321,731	59% above HPI
2017 19 APR	£295,000	£278,352	6% above HPI

TWO WAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two TWO WAYS sales from April 2017 and February 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 April 2017 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the February 2021 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is TWO WAYS?

TWO WAYS is 195m² according to the EPC inspection conducted in October 2020. This puts it in the largest 20% of detached houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses by size in Colkirk, and where TWO WAYS lies on this distribution: 81% of detached houses are smaller than TWO WAYS, and 17% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

TWO WAYS: Plot and Title Map

TWO WAYS sits on a plot of roughly 0.199 of an acre, or 803m². The below map shows the location of TWO WAYS, 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 TWO WAYS). 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 TWO WAYS?

TWO WAYS is located on GORMANS LANE in COLKIRK, in the NR21 postcode district. The below map shows the position of TWO WAYS on GORMANS LANE.