2, REDHOUSE BUNGALOW, NELSON ROAD, FAKENHAM, NR21 9EW - £190,000

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 REDHOUSE BUNGALOW is a very small detached house of 59m², built sometime between 1930 and 1949. It was last sold for £190,000 in June 2021, which was around 51% below the average June 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

2 REDHOUSE BUNGALOW Sold Prices

Land registry data shows four sales for 2 REDHOUSE BUNGALOW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four 2 REDHOUSE BUNGALOW 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
2021 28 JUN	£190,000	£386,352	51% below HPI
2017 31 AUG	£121,000	£326,061	63% below HPI
2014 30 OCT	£83,000	£270,209	69% below HPI
1999 16 APR	£33,000	£83,419	60% below HPI

2 REDHOUSE BUNGALOW 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 four 2 REDHOUSE BUNGALOW sales between April 1999 and June 2021 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 August 2017 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the June 2021 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 2 REDHOUSE BUNGALOW?

2 REDHOUSE BUNGALOW is 59m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% 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 REDHOUSE BUNGALOW lies on this distribution: 3% of detached houses are smaller than 2 REDHOUSE BUNGALOW, and 96% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 REDHOUSE BUNGALOW: Plot and Title Map

2 REDHOUSE BUNGALOW sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 2 REDHOUSE BUNGALOW, 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 REDHOUSE BUNGALOW). 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 REDHOUSE BUNGALOW?

2 REDHOUSE BUNGALOW is located on NELSON ROAD in FAKENHAM, in the NR21 postcode district. The below map shows the position of 2 REDHOUSE BUNGALOW on NELSON ROAD.