5, ROWAN WAY, FAKENHAM, NR21 8PW - £293,000

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

5 ROWAN WAY is a small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £293,000 in July 2020, which was around 13% below the average July 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

5 ROWAN WAY Sold Prices

Land registry data shows two sales for 5 ROWAN WAY 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. One of the two 5 ROWAN WAY sales was for below the average price, whilst the other was for above 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 28 JUL	£293,000	£337,200	13% below HPI
1996 24 JUN	£79,950	£69,145	16% above HPI

5 ROWAN WAY 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 5 ROWAN WAY sales from June 1996 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 June 1996 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 5 ROWAN WAY?

5 ROWAN WAY is 84m² according to the EPC inspection conducted in July 2020. 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 5 ROWAN WAY lies on this distribution: 30% of detached houses are smaller than 5 ROWAN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

5 ROWAN WAY: Plot and Title Map

5 ROWAN WAY sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of 5 ROWAN WAY, 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 ROWAN WAY). 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 ROWAN WAY?

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