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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PINEWOODS is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £285,000 in November 2011, which was around 19% 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	£239,111	19% above HPI
2011 2 FEB	£250,000	£228,144	10% above HPI
2007 5 FEB	£299,500	£244,879	22% 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 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2011 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

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 in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where PINEWOODS lies on this distribution: 78% of detached houses are smaller than PINEWOODS, and 22% 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.