PINEWOODS, HEATH LANE, FAKENHAM, NR21 8LN - £285,000

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.

PINEWOODS is a large detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £508,573. It was last sold for £285,000 in November 2011, which was around 18% above the average November 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

PINEWOODS Sold Prices

Land registry data shows three sales for PINEWOODS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three PINEWOODS 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
2011 7 NOV	£285,000	£241,426	18% above HPI
2011 2 FEB	£250,000	£230,353	9% above HPI
2007 5 FEB	£299,500	£247,249	21% above HPI

PINEWOODS 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 three PINEWOODS sales between February 2007 and November 2011 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 February 2011 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2011 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might PINEWOODS be worth now?

PINEWOODS might now be worth an estimated £508,573.

This is based on house price inflation of 78.4%, between November 2011 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 78.4% inflationary increase is applied to the most recent sale price for PINEWOODS of £285,000 on 7th November 2011. For the value to have increased from £285,000 to £508,573 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of PINEWOODS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2011 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of PINEWOODS has not materially changed since November 2011.

How Large is PINEWOODS?

PINEWOODS is 130m² according to the EPC inspection conducted in October 2010. This puts it in the largest 30% of detached houses houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fakenham, and where PINEWOODS lies on this distribution: 77% of detached houses houses are smaller than PINEWOODS, and 23% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

PINEWOODS: Plot and Title Map

PINEWOODS sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of PINEWOODS, 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 PINEWOODS). 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 PINEWOODS?

PINEWOODS is located on HEATH LANE in FAKENHAM, in the NR21 postcode district. The below map shows the position of PINEWOODS on HEATH LANE.