38, WELLS ROAD, FAKENHAM, NR21 9AA - £134,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 WELLS ROAD is a very small extended terraced house of 46m², built sometime before 1900, which could now be worth an estimated £184,093. It was last sold for £134,000 in November 2015, which was around 22% below the average November 2015 terraced price in the North Norfolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was F, and the potential energy rating was D.

38 WELLS ROAD Sold Prices

Land registry data shows two sales for 38 WELLS ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North Norfolk local authority area for the corresponding sale date. Both of the two 38 WELLS ROAD 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
2015 2 NOV	£134,000	£171,124	22% below HPI
1999 29 SEP	£38,000	£50,321	24% below HPI

38 WELLS ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Norfolk local authority area over time, sourced from the HPI. The two 38 WELLS ROAD sales from September 1999 and November 2015 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 September 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 38 WELLS ROAD be worth now?

38 WELLS ROAD might now be worth an estimated £184,093.

This is based on house price inflation of 37.4%, between November 2015 and August 2025, for terraced 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 37.4% inflationary increase is applied to the most recent sale price for 38 WELLS ROAD of £134,000 on 2nd November 2015. For the value to have increased from £134,000 to £184,093 over the ten years and three months to August 2025, the following assumptions must hold true:

• The value of 38 WELLS ROAD has moved in line with the HPI for terraced houses in the North Norfolk local authority area.
• The November 2015 sale price of £134,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WELLS ROAD has not materially changed since November 2015.

How Large is 38 WELLS ROAD?

38 WELLS ROAD is 46m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of terraced houses houses in Fakenham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Fakenham, and where 38 WELLS ROAD lies on this distribution: 1% of terraced houses houses are smaller than 38 WELLS ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

38 WELLS ROAD: Plot and Title Map

38 WELLS ROAD sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 38 WELLS ROAD, 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 WELLS ROAD). 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 WELLS ROAD?

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