38, DRIFTLANDS, FAKENHAM, NR21 8EB - £215,000

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.

38 DRIFTLANDS is a small detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £272,057. It was last sold for £215,000 in July 2020, which was around 37% below the average July 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

38 DRIFTLANDS Sold Prices

Land registry data shows two sales for 38 DRIFTLANDS 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 38 DRIFTLANDS 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
2020 24 JUL	£215,000	£340,464	37% below HPI
1997 14 NOV	£44,000	£80,193	45% below HPI

38 DRIFTLANDS 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 38 DRIFTLANDS sales from November 1997 and July 2020 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 November 1997 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2020 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 38 DRIFTLANDS be worth now?

38 DRIFTLANDS might now be worth an estimated £272,057.

This is based on house price inflation of 26.5%, between July 2020 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 26.5% inflationary increase is applied to the most recent sale price for 38 DRIFTLANDS of £215,000 on 24th July 2020. For the value to have increased from £215,000 to £272,057 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 38 DRIFTLANDS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2020 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 38 DRIFTLANDS has not materially changed since July 2020.

How Large is 38 DRIFTLANDS?

38 DRIFTLANDS is 79m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% 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 38 DRIFTLANDS lies on this distribution: 23% of detached houses houses are smaller than 38 DRIFTLANDS, and 75% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

38 DRIFTLANDS: Plot and Title Map

38 DRIFTLANDS sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 38 DRIFTLANDS, 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 38 DRIFTLANDS). 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 38 DRIFTLANDS?

38 DRIFTLANDS is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 38 on DRIFTLANDS.