1, WEST CLOSE, FAKENHAM, NR21 8AS - £360,000

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 WEST CLOSE is a small detached house of 84m², built sometime between 2003 and 2006, which could now be worth an estimated £356,124. It was last sold for £360,000 in July 2022, which was around 17% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

1 WEST CLOSE Sold Prices

Land registry data shows three sales for 1 WEST 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 1 WEST 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
2022 15 JUL	£360,000	£435,506	17% below HPI
2015 13 NOV	£210,000	£303,915	31% below HPI
2007 14 DEC	£220,000	£269,442	18% below HPI

1 WEST 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 1 WEST CLOSE sales between December 2007 and July 2022 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 November 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1 WEST CLOSE be worth now?

1 WEST CLOSE might now be worth an estimated £356,124.

This is based on house price deflation of 1.1%, between July 2022 and February 2025, 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 1.1% deflationary decrease is applied to the most recent sale price for 1 WEST CLOSE of £360,000 on 15th July 2022. For the value to have decreased from £360,000 to £356,124 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 1 WEST CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2022 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WEST CLOSE has not materially changed since July 2022.

How Large is 1 WEST CLOSE?

1 WEST CLOSE is 84m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% of detached houses houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fakenham, and where 1 WEST CLOSE lies on this distribution: 30% of detached houses houses are smaller than 1 WEST CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

1 WEST CLOSE: Plot and Title Map

1 WEST CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 1 WEST 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 WEST 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 WEST CLOSE?

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