12, CONFERENCE WAY, COLKIRK, FAKENHAM, NR21 7JJ - £280,000

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.

12 CONFERENCE WAY is a midsized detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £342,888. It was last sold for £280,000 in December 2017, which was around 7% below the average December 2017 detached price in the Breckland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was D.

12 CONFERENCE WAY Sold Prices

Land registry data shows three sales for 12 CONFERENCE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three 12 CONFERENCE WAY 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
2017 15 DEC	£280,000	£302,491	7% below HPI
2012 23 MAY	£187,500	£201,942	7% below HPI
2003 1 AUG	£159,950	£170,164	6% below HPI

12 CONFERENCE WAY 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 three 12 CONFERENCE WAY sales between August 2003 and December 2017 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2017 sale, which was also at 7% below the HPI.

What might 12 CONFERENCE WAY be worth now?

12 CONFERENCE WAY might now be worth an estimated £342,888.

This is based on house price inflation of 22.5%, between December 2017 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.5% inflationary increase is applied to the most recent sale price for 12 CONFERENCE WAY of £280,000 on 15th December 2017. For the value to have increased from £280,000 to £342,888 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 12 CONFERENCE WAY has moved in line with the HPI for detached houses in the Breckland local authority area.
• The December 2017 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CONFERENCE WAY has not materially changed since December 2017.

How Large is 12 CONFERENCE WAY?

12 CONFERENCE WAY is 117m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colkirk, and where 12 CONFERENCE WAY lies on this distribution: 45% of detached houses houses are smaller than 12 CONFERENCE WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

12 CONFERENCE WAY: Plot and Title Map

12 CONFERENCE WAY sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 12 CONFERENCE WAY, 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 12 CONFERENCE WAY). 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 12 CONFERENCE WAY?

12 CONFERENCE WAY is located in COLKIRK, in the NR21 postcode district. The below map shows the position of No. 12 on CONFERENCE WAY.