5, HEATH RISE, FAKENHAM, NR21 8HT - £270,000

5 HEATH RISE is a midsized detached house of 101m², built sometime between 1967 and 1975. It was last sold for £270,000 in January 2021, which was around 28% below the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

5 HEATH RISE Sold Prices

Land registry data shows three sales for 5 HEATH RISE 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 5 HEATH RISE 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
2021 26 JAN	£270,000	£376,042	28% below HPI
2006 27 SEP	£210,000	£234,191	10% below HPI
1997 4 JUL	£57,500	£73,957	22% below HPI

5 HEATH RISE 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 5 HEATH RISE sales between July 1997 and January 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 September 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 HEATH RISE?

5 HEATH RISE is 101m² according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses by size in Fakenham, and where 5 HEATH RISE lies on this distribution: 54% of detached houses are smaller than 5 HEATH RISE, and 45% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

5 HEATH RISE: Plot and Title Map

5 HEATH RISE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 5 HEATH RISE, 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 5 HEATH RISE). 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 5 HEATH RISE?

5 HEATH RISE is located in FAKENHAM, in the NR21 postcode district. The below map shows the position of No. 5 on HEATH RISE.