22, FARM DRIVE, FAKENHAM, NR21 8QG - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 FARM DRIVE is a large detached house of 120m², built in 2017, which could now be worth an estimated £420,424. It was last sold for £425,000 in July 2022, which was around 2% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was B, and the potential energy rating was A.

22 FARM DRIVE Sold Prices

Land registry data shows two sales for 22 FARM DRIVE 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 22 FARM DRIVE 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
2022 27 JUL	£425,000	£435,506	2% below HPI
2021 18 JUN	£350,000	£390,091	10% below HPI

22 FARM DRIVE 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 22 FARM DRIVE sales from June 2021 and July 2022 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 June 2021 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 22 FARM DRIVE be worth now?

22 FARM DRIVE might now be worth an estimated £420,424.

This is based on house price deflation of 1.1%, between July 2022 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 1.1% deflationary decrease is applied to the most recent sale price for 22 FARM DRIVE of £425,000 on 27th July 2022. For the value to have decreased from £425,000 to £420,424 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 22 FARM DRIVE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 22 FARM DRIVE has not materially changed since July 2022.

How Large is 22 FARM DRIVE?

22 FARM DRIVE is 120m² according to the EPC inspection conducted in May 2021. This puts it in the largest 30% 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 22 FARM DRIVE lies on this distribution: 71% of detached houses houses are smaller than 22 FARM DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

22 FARM DRIVE: Plot and Title Map

22 FARM DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 22 FARM DRIVE, 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 22 FARM DRIVE). 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 22 FARM DRIVE?

22 FARM DRIVE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 22 on FARM DRIVE.