WAVENEY, DEREHAM ROAD, COLKIRK, FAKENHAM, NR21 7NH - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

WAVENEY is a small extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £350,000 in August 2021, which was around 8% above the average August 2021 detached price in the Breckland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was D.

WAVENEY Sold Prices

Land registry data shows two sales for WAVENEY 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 WAVENEY 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
2021 25 AUG	£350,000	£324,285	8% above HPI
2007 19 JUL	£245,500	£231,363	6% above HPI

WAVENEY 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 WAVENEY sales from July 2007 and August 2021 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 July 2007 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is WAVENEY?

WAVENEY is 106m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% of detached houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses by size in Colkirk, and where WAVENEY lies on this distribution: 31% of detached houses are smaller than WAVENEY, and 67% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

WAVENEY: Plot and Title Map

WAVENEY sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of WAVENEY, 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 WAVENEY). 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 WAVENEY?

WAVENEY is located on DEREHAM ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of WAVENEY on DEREHAM ROAD.