78, WELLS ROAD, FAKENHAM, NR21 9HH - £415,000

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

78 WELLS ROAD is a very large extended detached house of 137m², built sometime between 1930 and 1949. It was last sold for £415,000 in January 2021, which was around 10% above the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

78 WELLS ROAD Sold Prices

Land registry data shows two sales for 78 WELLS ROAD 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. One of the two 78 WELLS ROAD sales was for above the average price, whilst the other was 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
2021 29 JAN	£415,000	£376,042	10% above HPI
2017 31 MAR	£300,000	£316,743	5% below HPI

78 WELLS ROAD 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 78 WELLS ROAD sales from March 2017 and January 2021 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 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 78 WELLS ROAD?

78 WELLS ROAD is 137m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 20% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 78 WELLS ROAD lies on this distribution: 81% of detached houses are smaller than 78 WELLS ROAD, and 18% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

78 WELLS ROAD: Plot and Title Map

78 WELLS ROAD sits on a plot of roughly 0.297 of an acre, or 1,204m². The below map shows the location of 78 WELLS ROAD, 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 78 WELLS ROAD). 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 78 WELLS ROAD?

78 WELLS ROAD is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 78 on WELLS ROAD.