11, OLIVIA CLOSE, FAKENHAM, NR21 9LP - £260,000

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.

11 OLIVIA CLOSE is a very small extended detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £257,114. It was last sold for £260,000 in August 2022, which was around 40% below the average August 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

11 OLIVIA CLOSE Sold Prices

Land registry data shows three sales for 11 OLIVIA 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 11 OLIVIA 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 1 AUG	£260,000	£435,652	40% below HPI
2007 9 MAR	£159,950	£238,095	33% below HPI
2000 21 JAN	£59,500	£96,617	38% below HPI

11 OLIVIA 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 11 OLIVIA CLOSE sales between January 2000 and August 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 March 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 11 OLIVIA CLOSE be worth now?

11 OLIVIA CLOSE might now be worth an estimated £257,114.

This is based on house price deflation of 1.1%, between August 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 11 OLIVIA CLOSE of £260,000 on 1st August 2022. For the value to have decreased from £260,000 to £257,114 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 11 OLIVIA CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 11 OLIVIA CLOSE has not materially changed since August 2022.

How Large is 11 OLIVIA CLOSE?

11 OLIVIA CLOSE is 66m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% 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 11 OLIVIA CLOSE lies on this distribution: 7% of detached houses houses are smaller than 11 OLIVIA CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

11 OLIVIA CLOSE: Plot and Title Map

11 OLIVIA CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 11 OLIVIA 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 11 OLIVIA 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 11 OLIVIA CLOSE?

11 OLIVIA CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 11 on OLIVIA CLOSE.