3, BRIDGE FARM, HEMPTON ROAD, FAKENHAM, NR21 7LA - £595,000

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.

3 BRIDGE FARM is a very large detached house of 156m², built sometime between 1991 and 1995, which could now be worth an estimated £675,134. It was last sold for £595,000 in January 2021, which was around 57% above the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

3 BRIDGE FARM Sold Prices

Land registry data shows three sales for 3 BRIDGE FARM 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 3 BRIDGE FARM sales were 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 6 JAN	£595,000	£379,682	57% above HPI
2015 24 APR	£380,000	£275,682	38% above HPI
2011 7 JUL	£390,000	£244,668	59% above HPI

3 BRIDGE FARM 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 3 BRIDGE FARM sales between July 2011 and January 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 April 2015 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the January 2021 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 3 BRIDGE FARM be worth now?

3 BRIDGE FARM might now be worth an estimated £675,134.

This is based on house price inflation of 13.5%, between January 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 13.5% inflationary increase is applied to the most recent sale price for 3 BRIDGE FARM of £595,000 on 6th January 2021. For the value to have increased from £595,000 to £675,134 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 BRIDGE FARM has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The January 2021 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BRIDGE FARM has not materially changed since January 2021.

How Large is 3 BRIDGE FARM?

3 BRIDGE FARM is 156m² according to the EPC inspection conducted in August 2020. This puts it in the largest 20% 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 3 BRIDGE FARM lies on this distribution: 87% of detached houses houses are smaller than 3 BRIDGE FARM, and 12% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

3 BRIDGE FARM: Plot and Title Map

3 BRIDGE FARM sits on a plot of roughly 0.637 of an acre, or 2,576m². The below map shows the location of 3 BRIDGE FARM, 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 3 BRIDGE FARM). 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 3 BRIDGE FARM?

3 BRIDGE FARM is located on HEMPTON ROAD in FAKENHAM, in the NR21 postcode district. The below map shows the position of 3 BRIDGE FARM on HEMPTON ROAD.