2, HERON CLOSE, FAKENHAM, NR21 8PX - £249,000

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.

2 HERON CLOSE is a very small extended detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £348,516. It was last sold for £249,000 in July 2016, which was around 19% below the average July 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

2 HERON CLOSE Sold Prices

Land registry data shows three sales for 2 HERON CLOSE 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 2 HERON CLOSE 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 22 JUL	£249,000	£307,801	19% below HPI
2006 19 MAY	£210,000	£229,809	9% below HPI
1998 14 MAY	£79,750	£84,862	6% below HPI

2 HERON CLOSE 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 HERON CLOSE sales between May 1998 and July 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 May 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 HERON CLOSE be worth now?

2 HERON CLOSE might now be worth an estimated £348,516.

This is based on house price inflation of 40%, between July 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 40% inflationary increase is applied to the most recent sale price for 2 HERON CLOSE of £249,000 on 22nd July 2016. For the value to have increased from £249,000 to £348,516 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 2 HERON CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2016 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HERON CLOSE has not materially changed since July 2016.

How Large is 2 HERON CLOSE?

2 HERON CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 20% 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 2 HERON CLOSE lies on this distribution: 16% of detached houses houses are smaller than 2 HERON CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 HERON CLOSE: Plot and Title Map

2 HERON CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 2 HERON CLOSE, 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 HERON CLOSE). 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 HERON CLOSE?

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