FAIRHAVEN, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LT - £342,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FAIRHAVEN is a very large extended detached house of 152m², built sometime between 1976 and 1982. It was last sold for £342,000 in December 2020, which was around 4% below the average December 2020 detached price in the Broadland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

FAIRHAVEN Sold Prices

Land registry data shows five sales for FAIRHAVEN since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the five FAIRHAVEN 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
2020 18 DEC	£342,000	£356,241	4% below HPI
2018 16 NOV	£315,000	£344,713	9% below HPI
2001 11 APR	£114,000	£123,348	8% below HPI
1997 2 MAY	£70,000	£73,522	5% below HPI
1995 26 OCT	£67,000	£74,677	10% below HPI

FAIRHAVEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The five FAIRHAVEN sales between October 1995 and December 2020 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 November 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is FAIRHAVEN?

FAIRHAVEN is 152m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 20% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where FAIRHAVEN lies on this distribution: 82% of detached houses are smaller than FAIRHAVEN, and 18% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

FAIRHAVEN: Plot and Title Map

FAIRHAVEN sits on a plot of roughly 0.185 of an acre, or 748m². The below map shows the location of FAIRHAVEN, 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 FAIRHAVEN). 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 FAIRHAVEN?

FAIRHAVEN is located on GREEN LANE WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of FAIRHAVEN on GREEN LANE WEST.