8, GORSE CLOSE, FAKENHAM, NR21 8PP - £350,000

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.

8 GORSE CLOSE is a small detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £347,844. It was last sold for £350,000 in October 2022, which was around 19% below the average October 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

8 GORSE CLOSE Sold Prices

Land registry data shows three sales for 8 GORSE CLOSE 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. Two of the three 8 GORSE CLOSE sales were for below the average price, whilst one was for above 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 19 OCT	£350,000	£433,487	19% below HPI
2013 13 AUG	£210,500	£248,195	15% below HPI
1996 14 JUN	£79,000	£69,814	13% above HPI

8 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 three 8 GORSE CLOSE sales between June 1996 and October 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 GORSE CLOSE be worth now?

8 GORSE CLOSE might now be worth an estimated £347,844.

This is based on house price deflation of 0.6%, between October 2022 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 0.6% deflationary decrease is applied to the most recent sale price for 8 GORSE CLOSE of £350,000 on 19th October 2022. For the value to have decreased from £350,000 to £347,844 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 GORSE CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GORSE CLOSE has not materially changed since October 2022.

How Large is 8 GORSE CLOSE?

8 GORSE CLOSE is 85m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% 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 8 GORSE CLOSE lies on this distribution: 32% of detached houses houses are smaller than 8 GORSE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

8 GORSE CLOSE: Plot and Title Map

8 GORSE CLOSE sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of 8 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 8 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 8 GORSE CLOSE?

8 GORSE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 8 on GORSE CLOSE.