2, SEARLE CLOSE, FAKENHAM, NR21 8NA - £186,000

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 SEARLE CLOSE is a very small detached house of 59m², built sometime between 1976 and 1982. It was last sold for £186,000 in September 2017, which was around 44% below the average September 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

2 SEARLE CLOSE Sold Prices

Land registry data shows two sales for 2 SEARLE CLOSE 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 2 SEARLE 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
2017 7 SEP	£186,000	£331,136	44% below HPI
1999 23 JUL	£53,500	£84,762	37% below HPI

2 SEARLE 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 two 2 SEARLE CLOSE sales from July 1999 and September 2017 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 July 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2017 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 2 SEARLE CLOSE?

2 SEARLE CLOSE is 59m² according to the EPC inspection conducted in January 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 SEARLE CLOSE lies on this distribution: 3% of detached houses are smaller than 2 SEARLE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 SEARLE CLOSE: Plot and Title Map

2 SEARLE CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 2 SEARLE 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 SEARLE 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 SEARLE CLOSE?

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