2, GORSE CLOSE, FAKENHAM, NR21 8PP - £175,000

2 GORSE CLOSE is a small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £175,000 in December 2012, which was around 31% below the average December 2012 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

2 GORSE CLOSE Sold Prices

Land registry data shows three sales for 2 GORSE CLOSE 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. The three 2 GORSE CLOSE sales were a mix of below the average price, and roughly equal to 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
2012 19 DEC	£175,000	£252,031	31% below HPI
2005 1 AUG	£176,500	£227,200	22% below HPI
1998 27 MAR	£78,950	£79,128	Close to HPI

2 GORSE CLOSE 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 2 GORSE CLOSE sales between March 1998 and December 2012 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 August 2005 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2012 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 GORSE CLOSE?

2 GORSE CLOSE is 86m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 40% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 2 GORSE CLOSE lies on this distribution: 34% of detached houses are smaller than 2 GORSE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

2 GORSE CLOSE: Plot and Title Map

2 GORSE CLOSE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 2 GORSE CLOSE, 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 2 GORSE CLOSE). 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 2 GORSE CLOSE?

2 GORSE CLOSE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 2 on GORSE CLOSE.