22, THE LAWN, FAKENHAM, NR21 8DT - £355,000

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 THE LAWN is a small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £409,571. It was last sold for £355,000 in September 2021, which was around 5% below the average September 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

22 THE LAWN Sold Prices

Land registry data shows two sales for 22 THE LAWN 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. One of the two 22 THE LAWN sales was for below the average price, whilst the other 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
2021 24 SEP	£355,000	£373,415	5% below HPI
1998 22 MAY	£87,950	£84,862	4% above HPI

22 THE LAWN 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 THE LAWN sales from May 1998 and September 2021 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 May 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 22 THE LAWN be worth now?

22 THE LAWN might now be worth an estimated £409,571.

This is based on house price inflation of 15.4%, between September 2021 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 15.4% inflationary increase is applied to the most recent sale price for 22 THE LAWN of £355,000 on 24th September 2021. For the value to have increased from £355,000 to £409,571 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 22 THE LAWN has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2021 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 22 THE LAWN has not materially changed since September 2021.

How Large is 22 THE LAWN?

22 THE LAWN is 84m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 40% 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 THE LAWN lies on this distribution: 30% of detached houses houses are smaller than 22 THE LAWN, and 69% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

22 THE LAWN: Plot and Title Map

22 THE LAWN sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 22 THE LAWN, 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 THE LAWN). 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 THE LAWN?

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