2, WESTMEAD ROAD, FAKENHAM, NR21 8BL - £275,000

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 WESTMEAD ROAD is a small extended detached house of 80m², built sometime between 1900 and 1929. It was last sold for £275,000 in May 2023, which was around 37% below the average May 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

2 WESTMEAD ROAD Sold Prices

Land registry data shows three sales for 2 WESTMEAD ROAD 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 WESTMEAD ROAD 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
2023 22 MAY	£275,000	£433,589	37% below HPI
2010 29 JAN	£151,000	£235,044	36% below HPI
2002 24 APR	£88,000	£142,489	38% below HPI

2 WESTMEAD ROAD 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 WESTMEAD ROAD sales between April 2002 and May 2023 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 January 2010 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 WESTMEAD ROAD?

2 WESTMEAD ROAD is 80m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 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 WESTMEAD ROAD lies on this distribution: 25% of detached houses are smaller than 2 WESTMEAD ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 WESTMEAD ROAD: Plot and Title Map

2 WESTMEAD ROAD sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 2 WESTMEAD ROAD, 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 WESTMEAD ROAD). 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 WESTMEAD ROAD?

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