7, FAIRSTEAD CLOSE, NORTH WALSHAM, NR28 0TG - £164,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 FAIRSTEAD CLOSE is a very small semi-detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £208,846. It was last sold for £164,500 in May 2019, which was around 27% below the average May 2019 semi-detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

7 FAIRSTEAD CLOSE Sold Prices

Land registry data shows six sales for 7 FAIRSTEAD CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the North Norfolk local authority area for the corresponding sale date. All of the six 7 FAIRSTEAD CLOSE 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
2019 31 MAY	£164,500	£224,143	27% below HPI
2019 29 MAR	£165,000	£226,470	27% below HPI
2014 22 DEC	£132,000	£178,937	26% below HPI
2013 3 JUN	£127,500	£159,648	20% below HPI
2008 19 SEP	£120,000	£164,531	27% below HPI
1998 24 JUL	£44,250	£53,171	17% below HPI

7 FAIRSTEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Norfolk local authority area over time, sourced from the HPI. The six 7 FAIRSTEAD CLOSE sales between July 1998 and May 2019 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 March 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2019 sale, which was also at 27% below the HPI.

What might 7 FAIRSTEAD CLOSE be worth now?

7 FAIRSTEAD CLOSE might now be worth an estimated £208,846.

This is based on house price inflation of 27%, between May 2019 and February 2025, for semi-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 27% inflationary increase is applied to the most recent sale price for 7 FAIRSTEAD CLOSE of £164,500 on 31st May 2019. For the value to have increased from £164,500 to £208,846 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 7 FAIRSTEAD CLOSE has moved in line with the HPI for semi-detached houses in the North Norfolk local authority area.
• The May 2019 sale price of £164,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIRSTEAD CLOSE has not materially changed since May 2019.

How Large is 7 FAIRSTEAD CLOSE?

7 FAIRSTEAD CLOSE is 57m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of semi-detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Walsham, and where 7 FAIRSTEAD CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 7 FAIRSTEAD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

7 FAIRSTEAD CLOSE: Plot and Title Map

7 FAIRSTEAD CLOSE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 7 FAIRSTEAD CLOSE, 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 7 FAIRSTEAD CLOSE). 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 7 FAIRSTEAD CLOSE?

7 FAIRSTEAD CLOSE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 7 on FAIRSTEAD CLOSE.