THREE GABLES, HEATH WAY, FAKENHAM, NR21 8LW - £365,000

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.

THREE GABLES is a very large extended detached house of 332m², built sometime between 1950 and 1966, which could now be worth an estimated £694,332. It was last sold for £365,000 in June 2005, which was around 65% above the average June 2005 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

THREE GABLES Sold Prices

Land registry data shows two sales for THREE GABLES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two THREE GABLES sales were for above 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
2005 24 JUN	£365,000	£221,774	65% above HPI
2002 10 MAY	£300,000	£148,472	102% above HPI

THREE GABLES 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 two THREE GABLES sales from May 2002 and June 2005 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 May 2002 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the June 2005 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might THREE GABLES be worth now?

THREE GABLES might now be worth an estimated £694,332.

This is based on house price inflation of 90.2%, between June 2005 and June 2025, for detached 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 90.2% inflationary increase is applied to the most recent sale price for THREE GABLES of £365,000 on 24th June 2005. For the value to have increased from £365,000 to £694,332 over the twenty years to June 2025, the following assumptions must hold true:

• The value of THREE GABLES has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2005 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of THREE GABLES has not materially changed since June 2005.

How Large is THREE GABLES?

THREE GABLES is 332m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the largest 10% of detached houses houses in Fakenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fakenham, and where THREE GABLES lies on this distribution: More than 99% of detached houses houses are smaller than THREE GABLES, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Fakenham.

THREE GABLES: Plot and Title Map

THREE GABLES sits on a plot of roughly 0.723 of an acre, or 2,925m². The below map shows the location of THREE GABLES, 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 THREE GABLES). 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 THREE GABLES?

THREE GABLES is located on HEATH WAY in FAKENHAM, in the NR21 postcode district. The below map shows the position of THREE GABLES on HEATH WAY.