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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 FAIRSTEAD CLOSE is a very small extended detached house of 73m², built sometime between 1983 and 1990. It was last sold for £223,000 in November 2016, which was around 28% 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	£309,009	28% below HPI
2010 4 NOV	£138,000	£247,394	44% below HPI
1996 28 OCT	£56,000	£69,682	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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in North Walsham, based on EPC data. The below chart shows the distribution of detached houses by size in North Walsham, and where 5 FAIRSTEAD CLOSE lies on this distribution: 14% of detached 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.