12, SMITHS LANE, FAKENHAM, NR21 8LG - £191,000

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 SMITHS LANE is a midsized extended detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £336,953. It was last sold for £191,000 in September 2011, which was around 22% below the average September 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

12 SMITHS LANE Sold Prices

Land registry data shows three sales for 12 SMITHS LANE 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 12 SMITHS LANE 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
2011 30 SEP	£191,000	£244,206	22% below HPI
2006 31 MAY	£192,500	£229,809	16% below HPI
2000 25 FEB	£77,500	£96,778	20% below HPI

12 SMITHS LANE 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 12 SMITHS LANE sales between February 2000 and September 2011 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2011 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 12 SMITHS LANE be worth now?

12 SMITHS LANE might now be worth an estimated £336,953.

This is based on house price inflation of 76.4%, between September 2011 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 76.4% inflationary increase is applied to the most recent sale price for 12 SMITHS LANE of £191,000 on 30th September 2011. For the value to have increased from £191,000 to £336,953 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 SMITHS LANE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2011 sale price of £191,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SMITHS LANE has not materially changed since September 2011.

How Large is 12 SMITHS LANE?

12 SMITHS LANE is 95m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% 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 12 SMITHS LANE lies on this distribution: 46% of detached houses houses are smaller than 12 SMITHS LANE, and 54% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

12 SMITHS LANE: Plot and Title Map

12 SMITHS LANE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 12 SMITHS LANE, 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 SMITHS LANE). 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 SMITHS LANE?

12 SMITHS LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 12 on SMITHS LANE.