38, SMITHS LANE, FAKENHAM, NR21 8LS - £247,000

38 SMITHS LANE is a large detached house of 120m², built sometime between 1967 and 1975. It was last sold for £247,000 in February 2017, which was around 22% below the average February 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

38 SMITHS LANE Sold Prices

Land registry data shows three sales for 38 SMITHS LANE 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 38 SMITHS LANE 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
2017 27 FEB	£247,000	£318,001	22% below HPI
2000 9 AUG	£92,000	£107,519	14% below HPI
1995 10 NOV	£60,000	£68,010	12% below HPI

38 SMITHS LANE 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 38 SMITHS LANE sales between November 1995 and February 2017 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 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 38 SMITHS LANE?

38 SMITHS LANE is 120m² according to the EPC inspection conducted in June 2016. 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 38 SMITHS LANE lies on this distribution: 72% of detached houses are smaller than 38 SMITHS LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

38 SMITHS LANE: Plot and Title Map

38 SMITHS LANE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of 38 SMITHS LANE, 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 38 SMITHS LANE). 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 38 SMITHS LANE?

38 SMITHS LANE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 38 on SMITHS LANE.