51, SMITHS LANE, FAKENHAM, NR21 8LQ - £260,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

51 SMITHS LANE is a very small semi-detached house of 76m², built sometime between 1967 and 1975. It was last sold for £260,000 in November 2022, which was around 40% below the average November 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

51 SMITHS LANE Sold Prices

Land registry data shows three sales for 51 SMITHS LANE 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 51 SMITHS LANE 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
2022 25 NOV	£260,000	£432,068	40% below HPI
2013 16 JUL	£142,000	£248,092	43% below HPI
2007 26 SEP	£100,000	£254,797	61% below HPI

51 SMITHS LANE 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 51 SMITHS LANE sales between September 2007 and November 2022 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 July 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 51 SMITHS LANE?

51 SMITHS LANE is 76m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 51 SMITHS LANE lies on this distribution: 18% of detached houses are smaller than 51 SMITHS LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

51 SMITHS LANE: Plot and Title Map

51 SMITHS LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 51 SMITHS LANE, 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 51 SMITHS LANE). 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 51 SMITHS LANE?

51 SMITHS LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 51 on SMITHS LANE.