23, SEARLE CLOSE, FAKENHAM, NR21 8NA - £325,000

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

23 SEARLE CLOSE is a midsized detached house of 99m², built sometime between 1983 and 1990. It was last sold for £325,000 in January 2023, which was around 25% below the average January 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

23 SEARLE CLOSE Sold Prices

Land registry data shows three sales for 23 SEARLE CLOSE 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 23 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
2023 13 JAN	£325,000	£432,712	25% below HPI
2014 8 OCT	£191,000	£270,209	29% below HPI
1998 16 OCT	£64,500	£83,663	23% below HPI

23 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 three 23 SEARLE CLOSE sales between October 1998 and January 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 October 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 23 SEARLE CLOSE?

23 SEARLE CLOSE is 99m² according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 23 SEARLE CLOSE lies on this distribution: 52% of detached houses are smaller than 23 SEARLE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

23 SEARLE CLOSE: Plot and Title Map

23 SEARLE CLOSE sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of 23 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 23 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 23 SEARLE CLOSE?

23 SEARLE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 23 on SEARLE CLOSE.