4, GORSE CLOSE, FAKENHAM, NR21 8PP - £375,000

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

4 GORSE CLOSE is a small detached house of 86m², built sometime between 1996 and 2002. It was last sold for £375,000 in November 2022, which was around 13% below the average November 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

4 GORSE CLOSE Sold Prices

Land registry data shows five sales for 4 GORSE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Most of the five 4 GORSE 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
2022 8 NOV	£375,000	£432,068	13% below HPI
2017 28 NOV	£250,000	£335,916	26% below HPI
2012 3 SEP	£210,000	£231,019	9% below HPI
2003 11 JUL	£179,000	£176,502	1% above HPI
1997 9 APR	£78,500	£71,956	9% above HPI

4 GORSE 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 five 4 GORSE CLOSE sales between April 1997 and November 2022 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 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 4 GORSE CLOSE?

4 GORSE CLOSE is 86m² according to the EPC inspection conducted in June 2017. 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 4 GORSE CLOSE lies on this distribution: 34% of detached houses are smaller than 4 GORSE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

4 GORSE CLOSE: Plot and Title Map

4 GORSE CLOSE sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 4 GORSE 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 4 GORSE 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 4 GORSE CLOSE?

4 GORSE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 4 on GORSE CLOSE.