12, THE RIDINGS, FAKENHAM, NR21 8PE - £155,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 THE RIDINGS is a very large extended detached house of 137m², built sometime between 1991 and 1995. It was last sold for £155,000 in March 2003, which was around 17% below the average March 2003 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

12 THE RIDINGS Sold Prices

Land registry data shows two sales for 12 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 12 THE RIDINGS 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
2003 20 MAR	£155,000	£185,702	17% below HPI
1996 21 MAY	£65,000	£68,582	5% below HPI

12 THE RIDINGS 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 two 12 THE RIDINGS sales from May 1996 and March 2003 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 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2003 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 THE RIDINGS?

12 THE RIDINGS is 137m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 20% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 12 THE RIDINGS lies on this distribution: 81% of detached houses are smaller than 12 THE RIDINGS, and 18% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

12 THE RIDINGS: Plot and Title Map

12 THE RIDINGS sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 12 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

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