FAIRWAYS, STAITHE ROAD, LUDHAM, GREAT YARMOUTH, NR29 5NP - £325,000

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.

FAIRWAYS is a very small extended detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £577,507. It was last sold for £325,000 in June 2013, which was around 34% above the average June 2013 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was E.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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. One of the two FAIRWAYS 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
2013 21 JUN	£325,000	£242,448	34% above HPI
1997 3 JUN	£30,000	£75,225	60% below HPI

FAIRWAYS 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 FAIRWAYS sales from June 1997 and June 2013 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 June 1997 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the June 2013 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £577,507.

This is based on house price inflation of 77.7%, between June 2013 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 77.7% inflationary increase is applied to the most recent sale price for FAIRWAYS of £325,000 on 21st June 2013. For the value to have increased from £325,000 to £577,507 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2013 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since June 2013.

How Large is FAIRWAYS?

FAIRWAYS is 72m², which includes one extension, according to the EPC inspection conducted in May 2010. 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 FAIRWAYS lies on this distribution: 11% of detached houses houses are smaller than FAIRWAYS, and 89% of houses are larger. Note that EPC data is not available for all properties in Ludham.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.183 of an acre, or 739m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

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