5, GORSE CLOSE, FAKENHAM, NR21 8PP - £205,000

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 GORSE CLOSE is a small detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £357,656. It was last sold for £205,000 in March 2013, which was around 17% below the average March 2013 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

5 GORSE CLOSE Sold Prices

Land registry data shows three sales for 5 GORSE 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 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
2013 25 MAR	£205,000	£246,934	17% below HPI
2008 28 MAY	£205,000	£248,309	17% below HPI
2001 13 SEP	£125,000	£127,051	2% below HPI

5 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 three 5 GORSE CLOSE sales between September 2001 and March 2013 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 May 2008 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2013 sale, which was also at 17% below the HPI.

What might 5 GORSE CLOSE be worth now?

5 GORSE CLOSE might now be worth an estimated £357,656.

This is based on house price inflation of 74.5%, between March 2013 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 74.5% inflationary increase is applied to the most recent sale price for 5 GORSE CLOSE of £205,000 on 25th March 2013. For the value to have increased from £205,000 to £357,656 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of 5 GORSE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2013 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GORSE CLOSE has not materially changed since March 2013.

How Large is 5 GORSE CLOSE?

5 GORSE CLOSE is 85m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 40% 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 5 GORSE CLOSE lies on this distribution: 32% of detached houses houses are smaller than 5 GORSE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

5 GORSE CLOSE: Plot and Title Map

5 GORSE CLOSE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 5 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 5 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 5 GORSE CLOSE?

5 GORSE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 5 on GORSE CLOSE.