FAIRMEAD, NORWICH ROAD, LUDHAM, GREAT YARMOUTH, NR29 5QD - £328,000

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.

FAIRMEAD is a very small extended detached house of 81m², built sometime between 1930 and 1949, which could now be worth an estimated £377,987. It was last sold for £328,000 in March 2021, which was around 12% below the average March 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

FAIRMEAD Sold Prices

Land registry data shows two sales for FAIRMEAD 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. Both of the two FAIRMEAD 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
2021 29 MAR	£328,000	£373,843	12% below HPI
2019 28 NOV	£225,000	£362,439	38% below HPI

FAIRMEAD 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 FAIRMEAD sales from November 2019 and March 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 November 2019 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might FAIRMEAD be worth now?

FAIRMEAD might now be worth an estimated £377,987.

This is based on house price inflation of 15.2%, between March 2021 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 15.2% inflationary increase is applied to the most recent sale price for FAIRMEAD of £328,000 on 29th March 2021. For the value to have increased from £328,000 to £377,987 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of FAIRMEAD has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2021 sale price of £328,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRMEAD has not materially changed since March 2021.

How Large is FAIRMEAD?

FAIRMEAD is 81m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludham, and where FAIRMEAD lies on this distribution: 19% of detached houses houses are smaller than FAIRMEAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Ludham.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.173 of an acre, or 702m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located on NORWICH ROAD in LUDHAM, in the NR29 postcode district. The below map shows the position of FAIRMEAD on NORWICH ROAD.