7, VICTORIA LANE, FAKENHAM, NR21 8LB - £223,000

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 VICTORIA LANE is a small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £273,766. It was last sold for £223,000 in March 2019, which was around 36% below the average March 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

7 VICTORIA LANE Sold Prices

Land registry data shows two sales for 7 VICTORIA LANE 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 VICTORIA LANE 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 8 MAR	£223,000	£350,928	36% below HPI
1997 13 AUG	£60,000	£75,152	20% below HPI

7 VICTORIA LANE 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 VICTORIA LANE sales from August 1997 and March 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 August 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 7 VICTORIA LANE be worth now?

7 VICTORIA LANE might now be worth an estimated £273,766.

This is based on house price inflation of 22.8%, between March 2019 and February 2025, for 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 22.8% inflationary increase is applied to the most recent sale price for 7 VICTORIA LANE of £223,000 on 8th March 2019. For the value to have increased from £223,000 to £273,766 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 7 VICTORIA LANE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2019 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 7 VICTORIA LANE has not materially changed since March 2019.

How Large is 7 VICTORIA LANE?

7 VICTORIA LANE is 82m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fakenham, and where 7 VICTORIA LANE lies on this distribution: 27% of detached houses houses are smaller than 7 VICTORIA LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

7 VICTORIA LANE: Plot and Title Map

7 VICTORIA LANE sits on a plot of roughly 0.214 of an acre, or 868m². The below map shows the location of 7 VICTORIA LANE, 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 VICTORIA LANE). 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 VICTORIA LANE?

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