16, GREAT EASTERN WAY, FAKENHAM, NR21 8HD - £146,000

16 GREAT EASTERN WAY is a very small detached house of 58m², built sometime between 1983 and 1990. It was last sold for £146,000 in March 2018, which was around 57% below the average March 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

16 GREAT EASTERN WAY Sold Prices

Land registry data shows three sales for 16 GREAT EASTERN WAY 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 16 GREAT EASTERN WAY sales were for below 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
2018 29 MAR	£146,000	£339,604	57% below HPI
2005 25 JUL	£119,950	£227,540	47% below HPI
2002 20 SEP	£79,000	£157,198	50% below HPI

16 GREAT EASTERN WAY 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 16 GREAT EASTERN WAY sales between September 2002 and March 2018 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 2005 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the March 2018 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 16 GREAT EASTERN WAY?

16 GREAT EASTERN WAY is 58m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 16 GREAT EASTERN WAY lies on this distribution: 3% of detached houses are smaller than 16 GREAT EASTERN WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

16 GREAT EASTERN WAY: Plot and Title Map

16 GREAT EASTERN WAY sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 16 GREAT EASTERN WAY, 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 16 GREAT EASTERN WAY). 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 16 GREAT EASTERN WAY?

16 GREAT EASTERN WAY is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 16 on GREAT EASTERN WAY.