56, VALLEY WAY, FAKENHAM, NR21 8PH - £375,000

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 VALLEY WAY is a large detached house of 113m², built sometime between 1996 and 2002. It was last sold for £375,000 in July 2024, which was around 12% below the average July 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was B, and the potential energy rating was B.

56 VALLEY WAY Sold Prices

Land registry data shows three sales for 56 VALLEY WAY 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 56 VALLEY WAY 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
2024 26 JUL	£375,000	£424,643	12% below HPI
2019 22 FEB	£282,500	£349,463	19% below HPI
2001 9 FEB	£109,950	£114,655	4% below HPI

56 VALLEY 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 three 56 VALLEY WAY sales between February 2001 and July 2024 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 February 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 56 VALLEY WAY?

56 VALLEY WAY is 113m² according to the EPC inspection conducted in March 2016. This puts it in the largest 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 56 VALLEY WAY lies on this distribution: 66% of detached houses are smaller than 56 VALLEY WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

56 VALLEY WAY: Plot and Title Map

56 VALLEY WAY sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 56 VALLEY 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 56 VALLEY 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 56 VALLEY WAY?

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