1, SEARLE CLOSE, FAKENHAM, NR21 8NA - £172,000

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.

1 SEARLE CLOSE is a very small semi-detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £248,868. It was last sold for £172,000 in June 2016, which was around 13% below the average June 2016 semi-detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

1 SEARLE CLOSE Sold Prices

Land registry data shows two sales for 1 SEARLE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 1 SEARLE 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
2016 23 JUN	£172,000	£196,673	13% below HPI
2003 2 JAN	£100,000	£105,925	6% below HPI

1 SEARLE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 1 SEARLE CLOSE sales from January 2003 and June 2016 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 January 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 SEARLE CLOSE be worth now?

1 SEARLE CLOSE might now be worth an estimated £248,868.

This is based on house price inflation of 44.7%, between June 2016 and February 2025, for semi-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 44.7% inflationary increase is applied to the most recent sale price for 1 SEARLE CLOSE of £172,000 on 23rd June 2016. For the value to have increased from £172,000 to £248,868 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 1 SEARLE CLOSE has moved in line with the HPI for semi-detached houses in the North Norfolk local authority area.
• The June 2016 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SEARLE CLOSE has not materially changed since June 2016.

How Large is 1 SEARLE CLOSE?

1 SEARLE CLOSE is 64m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of semi-detached houses houses in Fakenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Fakenham, and where 1 SEARLE CLOSE lies on this distribution: 6% of semi-detached houses houses are smaller than 1 SEARLE CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

1 SEARLE CLOSE: Plot and Title Map

1 SEARLE CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 1 SEARLE 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 1 SEARLE 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 1 SEARLE CLOSE?

1 SEARLE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 1 on SEARLE CLOSE.