56, HEATH RISE, FAKENHAM, NR21 8HY - £320,000

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

56 HEATH RISE is a midsized extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £320,000 in May 2023, which was around 26% below the average May 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

56 HEATH RISE Sold Prices

Land registry data shows two sales for 56 HEATH RISE 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. Both of the two 56 HEATH RISE 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
2023 12 MAY	£320,000	£433,589	26% below HPI
2020 10 DEC	£270,000	£382,434	29% below HPI

56 HEATH RISE 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 56 HEATH RISE sales from December 2020 and May 2023 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 December 2020 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 56 HEATH RISE?

56 HEATH RISE is 98m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 50% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 56 HEATH RISE lies on this distribution: 51% of detached houses are smaller than 56 HEATH RISE, and 49% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

56 HEATH RISE: Plot and Title Map

56 HEATH RISE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 56 HEATH RISE, 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 56 HEATH RISE). 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 56 HEATH RISE?

56 HEATH RISE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 56 on HEATH RISE.