FAIRLAWNS, MILL ROAD, LITTLE MELTON, NORWICH, NR9 3NT - £520,000

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.

FAIRLAWNS is a very large extended detached house of 182m², built sometime between 1967 and 1975, which could now be worth an estimated £648,949. It was last sold for £520,000 in November 2019, which was around 47% above the average November 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

FAIRLAWNS Sold Prices

Land registry data shows two sales for FAIRLAWNS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two FAIRLAWNS 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
2019 22 NOV	£520,000	£352,646	47% above HPI
2018 12 FEB	£170,000	£334,966	49% below HPI

FAIRLAWNS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two FAIRLAWNS sales from February 2018 and November 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 February 2018 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2019 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might FAIRLAWNS be worth now?

FAIRLAWNS might now be worth an estimated £648,949.

This is based on house price inflation of 24.8%, between November 2019 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.8% inflationary increase is applied to the most recent sale price for FAIRLAWNS of £520,000 on 22nd November 2019. For the value to have increased from £520,000 to £648,949 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of FAIRLAWNS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2019 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRLAWNS has not materially changed since November 2019.

How Large is FAIRLAWNS?

FAIRLAWNS is 182m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses houses in Little Melton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Melton, and where FAIRLAWNS lies on this distribution: 84% of detached houses houses are smaller than FAIRLAWNS, and 15% of houses are larger. Note that EPC data is not available for all properties in Little Melton.

FAIRLAWNS: Plot and Title Map

FAIRLAWNS sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of FAIRLAWNS, 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 FAIRLAWNS). 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 FAIRLAWNS?

FAIRLAWNS is located on MILL ROAD in LITTLE MELTON, in the NR9 postcode district. The below map shows the position of FAIRLAWNS on MILL ROAD.