GAINSBOROUGH HOUSE, MARKET HILL, COLKIRK, FAKENHAM, NR21 7NU - £131,500

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.

GAINSBOROUGH HOUSE is a large extended detached house of 194m², built sometime between 1950 and 1966, which could now be worth an estimated £645,049. It was last sold for £131,500 in September 1997, which was around 74% above the average September 1997 detached price in the Breckland local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

GAINSBOROUGH HOUSE Sold Prices

Land registry data shows two sales for GAINSBOROUGH HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two GAINSBOROUGH HOUSE sales were 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
1997 5 SEP	£131,500	£75,516	74% above HPI
1996 23 DEC	£125,000	£70,477	77% above HPI

GAINSBOROUGH HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two GAINSBOROUGH HOUSE sales from December 1996 and September 1997 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 December 1996 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the September 1997 sale, where it falls to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might GAINSBOROUGH HOUSE be worth now?

GAINSBOROUGH HOUSE might now be worth an estimated £645,049.

This is based on house price inflation of 390.5%, between September 1997 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 390.5% inflationary increase is applied to the most recent sale price for GAINSBOROUGH HOUSE of £131,500 on 5th September 1997. For the value to have increased from £131,500 to £645,049 over the 28 years and seven months to February 2025, the following assumptions must hold true:

• The value of GAINSBOROUGH HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 1997 sale price of £131,500 represented a fair market value for the property.
• The size, condition, and specification of GAINSBOROUGH HOUSE has not materially changed since September 1997.

How Large is GAINSBOROUGH HOUSE?

GAINSBOROUGH HOUSE is 194m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 30% of detached houses houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colkirk, and where GAINSBOROUGH HOUSE lies on this distribution: 79% of detached houses houses are smaller than GAINSBOROUGH HOUSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

GAINSBOROUGH HOUSE: Plot and Title Map

GAINSBOROUGH HOUSE sits on a plot of roughly 0.700 of an acre, or 2,832m². The below map shows the location of GAINSBOROUGH HOUSE, 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 GAINSBOROUGH HOUSE). 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 GAINSBOROUGH HOUSE?

GAINSBOROUGH HOUSE is located on MARKET HILL in COLKIRK, in the NR21 postcode district. The below map shows the position of GAINSBOROUGH HOUSE on MARKET HILL.