7, HEATH RISE, FAKENHAM, NR21 8HT - £310,000

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 HEATH RISE is a midsized extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £310,000 in August 2022, which was around 28% below the average August 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

7 HEATH RISE Sold Prices

Land registry data shows three sales for 7 HEATH RISE 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 7 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
2022 5 AUG	£310,000	£431,475	28% below HPI
2013 12 AUG	£195,000	£245,815	21% below HPI
1996 12 APR	£46,000	£69,530	34% below HPI

7 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 three 7 HEATH RISE sales between April 1996 and August 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 August 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 HEATH RISE?

7 HEATH RISE is 93m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 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 7 HEATH RISE lies on this distribution: 44% of detached houses are smaller than 7 HEATH RISE, and 56% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

7 HEATH RISE: Plot and Title Map

7 HEATH RISE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 7 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 7 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 7 HEATH RISE?

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