16, GREAT EASTERN WAY, FAKENHAM, NR21 8HD - £146,000

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.

16 GREAT EASTERN WAY is a very small detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £183,438. It was last sold for £146,000 in March 2018, which was around 57% below the average March 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

16 GREAT EASTERN WAY Sold Prices

Land registry data shows three sales for 16 GREAT EASTERN 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 North Norfolk local authority area for the corresponding sale date. All of the three 16 GREAT EASTERN 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
2018 29 MAR	£146,000	£342,891	57% below HPI
2005 25 JUL	£119,950	£229,743	48% below HPI
2002 20 SEP	£79,000	£158,720	50% below HPI

16 GREAT EASTERN WAY 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 16 GREAT EASTERN WAY sales between September 2002 and March 2018 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 July 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the March 2018 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 16 GREAT EASTERN WAY be worth now?

16 GREAT EASTERN WAY might now be worth an estimated £183,438.

This is based on house price inflation of 25.6%, between March 2018 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 25.6% inflationary increase is applied to the most recent sale price for 16 GREAT EASTERN WAY of £146,000 on 29th March 2018. For the value to have increased from £146,000 to £183,438 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 16 GREAT EASTERN WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2018 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GREAT EASTERN WAY has not materially changed since March 2018.

How Large is 16 GREAT EASTERN WAY?

16 GREAT EASTERN WAY is 58m² according to the EPC inspection conducted in May 2017. 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 16 GREAT EASTERN WAY lies on this distribution: 3% of detached houses houses are smaller than 16 GREAT EASTERN WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

16 GREAT EASTERN WAY: Plot and Title Map

16 GREAT EASTERN WAY sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 16 GREAT EASTERN 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 16 GREAT EASTERN 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 16 GREAT EASTERN WAY?

16 GREAT EASTERN WAY is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 16 on GREAT EASTERN WAY.