THE CROFT, HEATH LANE, FAKENHAM, NR21 8LN - £270,000

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

THE CROFT is a large detached house of 124m², built sometime between 1991 and 1995, which could now be worth an estimated £481,806. It was last sold for £270,000 in November 2011, which was around 12% above the average November 2011 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was D.

THE CROFT Sold Prices

Land registry data shows two sales for THE CROFT 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 THE CROFT 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 23 NOV	£270,000	£241,426	12% above HPI
1996 11 JAN	£112,000	£65,184	72% above HPI

THE CROFT 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 THE CROFT sales from January 1996 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 January 1996 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the November 2011 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might THE CROFT be worth now?

THE CROFT might now be worth an estimated £481,806.

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 THE CROFT of £270,000 on 23rd November 2011. For the value to have increased from £270,000 to £481,806 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of THE CROFT has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2011 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of THE CROFT has not materially changed since November 2011.

How Large is THE CROFT?

THE CROFT is 124m² according to the EPC inspection conducted in June 2011. 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 THE CROFT lies on this distribution: 75% of detached houses houses are smaller than THE CROFT, and 25% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

THE CROFT: Plot and Title Map

THE CROFT sits on a plot of roughly 0.191 of an acre, or 774m². The below map shows the location of THE CROFT, 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 THE CROFT). 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 THE CROFT?

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