2, WEST CLOSE, FAKENHAM, NR21 8AS - £150,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 WEST CLOSE is a midsized detached house of 97m², built sometime from 2007 onwards, which could now be worth an estimated £269,636. It was last sold for £150,000 in February 2012, which was around 37% below the average February 2012 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

2 WEST CLOSE Sold Prices

Land registry data shows two sales for 2 WEST 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 WEST 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
2012 17 FEB	£150,000	£239,666	37% below HPI
2008 13 AUG	£195,000	£249,097	22% below HPI

2 WEST 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 WEST CLOSE sales from August 2008 and February 2012 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 2008 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2012 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 WEST CLOSE be worth now?

2 WEST CLOSE might now be worth an estimated £269,636.

This is based on house price inflation of 79.8%, between February 2012 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 79.8% inflationary increase is applied to the most recent sale price for 2 WEST CLOSE of £150,000 on 17th February 2012. For the value to have increased from £150,000 to £269,636 over the thirteen years to February 2025, the following assumptions must hold true:

• The value of 2 WEST CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2012 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WEST CLOSE has not materially changed since February 2012.

How Large is 2 WEST CLOSE?

2 WEST CLOSE is 97m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% 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 WEST CLOSE lies on this distribution: 49% of detached houses houses are smaller than 2 WEST CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 WEST CLOSE: Plot and Title Map

2 WEST CLOSE sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 2 WEST 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 WEST 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 WEST CLOSE?

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