2B, GREENWAY LANE, FAKENHAM, NR21 8BZ - £250,000

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

2B GREENWAY LANE is a midsized detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £336,642. It was last sold for £250,000 in April 2017, which was around 22% below the average April 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

2B GREENWAY LANE Sold Prices

Land registry data shows two sales for 2B GREENWAY LANE 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 2B GREENWAY LANE 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
2017 25 APR	£250,000	£319,937	22% below HPI
2011 14 JAN	£190,000	£235,309	19% below HPI

2B GREENWAY LANE 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 2B GREENWAY LANE sales from January 2011 and April 2017 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 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2B GREENWAY LANE be worth now?

2B GREENWAY LANE might now be worth an estimated £336,642.

This is based on house price inflation of 34.7%, between April 2017 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 34.7% inflationary increase is applied to the most recent sale price for 2B GREENWAY LANE of £250,000 on 25th April 2017. For the value to have increased from £250,000 to £336,642 over the eight years and two months to February 2025, the following assumptions must hold true:

• The value of 2B GREENWAY LANE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2B GREENWAY LANE has not materially changed since April 2017.

How Large is 2B GREENWAY LANE?

2B GREENWAY LANE is 93m² according to the EPC inspection conducted in August 2010. 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 2B GREENWAY LANE lies on this distribution: 43% of detached houses houses are smaller than 2B GREENWAY LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2B GREENWAY LANE: Plot and Title Map

2B GREENWAY LANE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 2B GREENWAY LANE, 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 2B GREENWAY LANE). 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 2B GREENWAY LANE?

2B GREENWAY LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 2B on GREENWAY LANE.