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

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 ROWAN WAY is a small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £370,757. It was last sold for £293,000 in July 2020, which was around 14% 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	£340,464	14% below HPI
1996 24 JUN	£79,950	£69,814	15% 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 ROWAN WAY be worth now?

5 ROWAN WAY might now be worth an estimated £370,757.

This is based on house price inflation of 26.5%, between July 2020 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 26.5% inflationary increase is applied to the most recent sale price for 5 ROWAN WAY of £293,000 on 28th July 2020. For the value to have increased from £293,000 to £370,757 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 5 ROWAN WAY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2020 sale price of £293,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ROWAN WAY has not materially changed since July 2020.

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 houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fakenham, and where 5 ROWAN WAY lies on this distribution: 30% of detached houses houses are smaller than 5 ROWAN WAY, and 69% 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 0.104 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.