2, FIELD LANE, FAKENHAM, NR21 9QR - £347,000

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

2 FIELD LANE is a very large extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £347,000 in July 2020, which was around 3% above the average July 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

2 FIELD LANE Sold Prices

Land registry data shows three sales for 2 FIELD 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. One of the three 2 FIELD LANE sales was for above the average price, whilst two 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
2020 28 JUL	£347,000	£337,200	3% above HPI
2001 27 SEP	£115,000	£125,833	9% below HPI
1997 25 JUL	£44,000	£73,957	41% below HPI

2 FIELD 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 2 FIELD LANE sales between July 1997 and July 2020 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 2001 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 FIELD LANE?

2 FIELD LANE is 162m², which includes three extensions, according to the EPC inspection conducted in April 2019. 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 2 FIELD LANE lies on this distribution: 89% of detached houses are smaller than 2 FIELD LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 FIELD LANE: Plot and Title Map

2 FIELD LANE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 2 FIELD 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 2 FIELD 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 2 FIELD LANE?

2 FIELD LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 2 on FIELD LANE.