5, FAIRSTEAD CLOSE, NORTH WALSHAM, NR28 0TG - £223,000

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

5 FAIRSTEAD CLOSE is a very small extended detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £300,824. It was last sold for £223,000 in November 2016, which was around 29% below the average November 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 FAIRSTEAD CLOSE Sold Prices

Land registry data shows three sales for 5 FAIRSTEAD CLOSE 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 5 FAIRSTEAD 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
2016 23 NOV	£223,000	£312,000	29% below HPI
2010 4 NOV	£138,000	£249,789	45% below HPI
1996 28 OCT	£56,000	£70,357	20% below HPI

5 FAIRSTEAD 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 three 5 FAIRSTEAD CLOSE sales between October 1996 and November 2016 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 2010 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 FAIRSTEAD CLOSE be worth now?

5 FAIRSTEAD CLOSE might now be worth an estimated £300,824.

This is based on house price inflation of 34.9%, between November 2016 and December 2024, 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 34.9% inflationary increase is applied to the most recent sale price for 5 FAIRSTEAD CLOSE of £223,000 on 23rd November 2016. For the value to have increased from £223,000 to £300,824 over the seven years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 FAIRSTEAD CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2016 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FAIRSTEAD CLOSE has not materially changed since November 2016.

How Large is 5 FAIRSTEAD CLOSE?

5 FAIRSTEAD CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 5 FAIRSTEAD CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 FAIRSTEAD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

5 FAIRSTEAD CLOSE: Plot and Title Map

5 FAIRSTEAD CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 5 FAIRSTEAD 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 5 FAIRSTEAD 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 5 FAIRSTEAD CLOSE?

5 FAIRSTEAD CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 5 on FAIRSTEAD CLOSE.