2, ROWAN WAY, FAKENHAM, NR21 8PW - £195,000

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 ROWAN WAY is a large extended detached house of 128m², built sometime between 1991 and 1995. It was last sold for £195,000 in July 2008, which was around 22% below the average July 2008 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

2 ROWAN WAY Sold Prices

Land registry data shows four sales for 2 ROWAN WAY 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. Two of the four 2 ROWAN WAY sales were for below the average price, whilst one was for above 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
2008 24 JUL	£195,000	£249,732	22% below HPI
2003 16 OCT	£179,500	£186,787	4% below HPI
1997 30 APR	£72,000	£71,956	Close to HPI
1995 15 MAR	£75,000	£71,484	5% above HPI

2 ROWAN 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 four 2 ROWAN WAY sales between March 1995 and July 2008 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 October 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2008 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 ROWAN WAY?

2 ROWAN WAY is 128m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the largest 30% 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 ROWAN WAY lies on this distribution: 76% of detached houses are smaller than 2 ROWAN WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 ROWAN WAY: Plot and Title Map

2 ROWAN WAY sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of 2 ROWAN 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 2 ROWAN 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 2 ROWAN WAY?

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