13, SMITHS LANE, FAKENHAM, NR21 8LQ - £220,000

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.

13 SMITHS LANE is a small detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £313,815. It was last sold for £220,000 in April 2016, which was around 27% below the average April 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

13 SMITHS LANE Sold Prices

Land registry data shows two sales for 13 SMITHS LANE 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 13 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
2016 15 APR	£220,000	£302,024	27% below HPI
2008 13 FEB	£187,000	£256,472	27% below HPI

13 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 two 13 SMITHS LANE sales from February 2008 and April 2016 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 February 2008 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2016 sale, which was also at 27% below the HPI.

What might 13 SMITHS LANE be worth now?

13 SMITHS LANE might now be worth an estimated £313,815.

This is based on house price inflation of 42.6%, between April 2016 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 42.6% inflationary increase is applied to the most recent sale price for 13 SMITHS LANE of £220,000 on 15th April 2016. For the value to have increased from £220,000 to £313,815 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 13 SMITHS LANE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 13 SMITHS LANE has not materially changed since April 2016.

How Large is 13 SMITHS LANE?

13 SMITHS LANE is 89m² according to the EPC inspection conducted in October 2015. 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 13 SMITHS LANE lies on this distribution: 39% of detached houses houses are smaller than 13 SMITHS LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

13 SMITHS LANE: Plot and Title Map

13 SMITHS LANE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 13 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 13 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 13 SMITHS LANE?

13 SMITHS LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 13 on SMITHS LANE.