7, GORSE CLOSE, FAKENHAM, NR21 8PP - £255,000

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

7 GORSE CLOSE is a small detached house of 87m², built sometime between 1991 and 1995. It was last sold for £255,000 in May 2016, which was around 16% below the average May 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

7 GORSE CLOSE Sold Prices

Land registry data shows two sales for 7 GORSE CLOSE 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 7 GORSE 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
2016 4 MAY	£255,000	£302,331	16% below HPI
2001 25 MAY	£115,000	£117,625	2% below HPI

7 GORSE CLOSE 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 7 GORSE CLOSE sales from May 2001 and May 2016 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 May 2001 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 7 GORSE CLOSE?

7 GORSE CLOSE is 87m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 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 7 GORSE CLOSE lies on this distribution: 36% of detached houses are smaller than 7 GORSE CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

7 GORSE CLOSE: Plot and Title Map

7 GORSE CLOSE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 7 GORSE 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 GORSE 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 GORSE CLOSE?

7 GORSE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 7 on GORSE CLOSE.