FAYREWAI, WELLS ROAD, HINDRINGHAM, FAKENHAM, NR21 0PL - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FAYREWAI is a large extended detached house of 197m², built sometime between 1967 and 1975, which could now be worth an estimated £376,134. It was last sold for £235,000 in June 2014, which was around 13% below the average June 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

FAYREWAI Sold Prices

Land registry data shows two sales for FAYREWAI 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 FAYREWAI 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
2014 3 JUN	£235,000	£269,165	13% below HPI
2001 4 APR	£80,000	£116,928	32% below HPI

FAYREWAI 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 FAYREWAI sales from April 2001 and June 2014 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 April 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2014 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might FAYREWAI be worth now?

FAYREWAI might now be worth an estimated £376,134.

This is based on house price inflation of 60.1%, between June 2014 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 60.1% inflationary increase is applied to the most recent sale price for FAYREWAI of £235,000 on 3rd June 2014. For the value to have increased from £235,000 to £376,134 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of FAYREWAI has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of FAYREWAI has not materially changed since June 2014.

How Large is FAYREWAI?

FAYREWAI is 197m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 30% of detached houses houses in Hindringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hindringham, and where FAYREWAI lies on this distribution: 70% of detached houses houses are smaller than FAYREWAI, and 30% of houses are larger. Note that EPC data is not available for all properties in Hindringham.

FAYREWAI: Plot and Title Map

FAYREWAI sits on a plot of roughly 0.216 of an acre, or 874m². The below map shows the location of FAYREWAI, 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 FAYREWAI). 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 FAYREWAI?

FAYREWAI is located on WELLS ROAD in HINDRINGHAM, in the NR21 postcode district. The below map shows the position of FAYREWAI on WELLS ROAD.