31, THE LAWN, FAKENHAM, NR21 8DT - £255,000

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

31 THE LAWN is a small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £255,000 in July 2024, which was around 40% below the average July 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

31 THE LAWN Sold Prices

Land registry data shows two sales for 31 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. Both of the two 31 THE LAWN 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
2024 26 JUL	£255,000	£424,643	40% below HPI
1998 31 JUL	£68,950	£84,538	18% below HPI

31 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 31 THE LAWN sales from July 1998 and July 2024 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 July 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2024 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 31 THE LAWN?

31 THE LAWN is 85m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 40% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 31 THE LAWN lies on this distribution: 32% of detached houses are smaller than 31 THE LAWN, and 67% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

31 THE LAWN: Plot and Title Map

31 THE LAWN sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 31 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 31 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 31 THE LAWN?

31 THE LAWN is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 31 on THE LAWN.