FAIRTHORNE, CHENEYS LANE, TACOLNESTON, NORWICH, NR16 1DB - £400,000

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

FAIRTHORNE is a large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £400,000 in March 2023, which was around 6% below the average March 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

FAIRTHORNE Sold Prices

Land registry data shows three sales for FAIRTHORNE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Two of the three FAIRTHORNE 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
2023 28 MAR	£400,000	£425,400	6% below HPI
2003 3 OCT	£197,000	£199,367	1% below HPI
1997 4 JUN	£83,750	£79,111	6% above HPI

FAIRTHORNE 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 three FAIRTHORNE sales between June 1997 and March 2023 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 October 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2023 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is FAIRTHORNE?

FAIRTHORNE is 145m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses by size in Tacolneston, and where FAIRTHORNE lies on this distribution: 69% of detached houses are smaller than FAIRTHORNE, and 30% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

FAIRTHORNE: Plot and Title Map

FAIRTHORNE sits on a plot of roughly 0.291 of an acre, or 1,180m². The below map shows the location of FAIRTHORNE, 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 FAIRTHORNE). 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 FAIRTHORNE?

FAIRTHORNE is located on CHENEYS LANE in TACOLNESTON, in the NR16 postcode district. The below map shows the position of FAIRTHORNE on CHENEYS LANE.