1A, THE DRIFT, FAKENHAM, NR21 8EF - £183,000

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.

1A THE DRIFT is a small extended detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £334,754. It was last sold for £183,000 in May 2012, which was around 22% below the average May 2012 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

1A THE DRIFT Sold Prices

Land registry data shows two sales for 1A THE DRIFT 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 1A THE DRIFT 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
2012 18 MAY	£183,000	£235,515	22% below HPI
2004 17 SEP	£156,000	£222,029	30% below HPI

1A THE DRIFT 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 1A THE DRIFT sales from September 2004 and May 2012 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 September 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2012 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1A THE DRIFT be worth now?

1A THE DRIFT might now be worth an estimated £334,754.

This is based on house price inflation of 82.9%, between May 2012 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 82.9% inflationary increase is applied to the most recent sale price for 1A THE DRIFT of £183,000 on 18th May 2012. For the value to have increased from £183,000 to £334,754 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 1A THE DRIFT has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2012 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 1A THE DRIFT has not materially changed since May 2012.

How Large is 1A THE DRIFT?

1A THE DRIFT is 91m², which includes two extensions, according to the EPC inspection conducted in May 2012. 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 1A THE DRIFT lies on this distribution: 39% of detached houses houses are smaller than 1A THE DRIFT, and 59% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

1A THE DRIFT: Plot and Title Map

1A THE DRIFT sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 1A THE DRIFT, 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 1A THE DRIFT). 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 1A THE DRIFT?

1A THE DRIFT is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 1A on THE DRIFT.