DERWEN, WHISSONSETT ROAD, COLKIRK, FAKENHAM, NR21 7NL - £450,000

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.

DERWEN is a midsized extended detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £471,805. It was last sold for £450,000 in September 2024, which was around 27% above the average September 2024 detached price in the Breckland local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

DERWEN Sold Prices

Land registry data shows three sales for DERWEN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the three DERWEN sales was for above the average price, whilst two 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
2024 11 SEP	£450,000	£353,310	27% above HPI
2018 24 SEP	£300,000	£302,220	1% below HPI
1997 29 AUG	£69,950	£74,554	6% below HPI

DERWEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three DERWEN sales between August 1997 and September 2024 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 September 2018 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2024 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might DERWEN be worth now?

DERWEN might now be worth an estimated £471,805.

This is based on house price inflation of 4.8%, between September 2024 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% inflationary increase is applied to the most recent sale price for DERWEN of £450,000 on 11th September 2024. For the value to have increased from £450,000 to £471,805 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of DERWEN has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2024 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of DERWEN has not materially changed since September 2024.

How Large is DERWEN?

DERWEN is 117m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 50% of detached houses houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colkirk, and where DERWEN lies on this distribution: 42% of detached houses houses are smaller than DERWEN, and 56% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

DERWEN: Plot and Title Map

DERWEN sits on a plot of roughly 0.293 of an acre, or 1,185m². The below map shows the location of DERWEN, 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 DERWEN). 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 DERWEN?

DERWEN is located on WHISSONSETT ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of DERWEN on WHISSONSETT ROAD.