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House Prices in NR21 House Prices in NR21 (Fakenham)

The average house price in NR21 (Fakenham) is £263,555 using HM Land Registry data.

The average property price increased by £69,165 (28.58%) over the last 5 years and increased by £13,858 (4.24%) over the last 12 months.

Over the last year, there were 182 residential property sales – a decrease of 48 transactions (-26.37%) relative to the previous year. The majority of house sales (47) were in the £240,000 - £320,000 range. Then came properties in the £160,000 - £240,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,948 (-2%).

In Oct 24, there were 46 new estate agency instructions, 41 agreed home sales and 36 property price reductions.

Nearby Postcodes: IP25, NR10, NR11, NR19, NR20, NR22, NR23, NR24, NR25, NR26, NR9, PE30, PE31, PE32, PE33, PE35, PE36, PE37

5-Year Average Property Prices in NR21 (Fakenham)

28.58%

Property prices in Fakenham increased by 28.58% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NR21 (Fakenham) Over the Last Year

4.24%

Property prices in Fakenham increased by 4.24% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NR21 (Fakenham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NR21 (Fakenham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NR21 (Fakenham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NR21 (Fakenham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NR21 (Fakenham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR21 postcode area since 1995.

Recent Sales in NR21 (Fakenham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Green Lane Estate, Pudding Norton, Fakenham, Norfolk, NR21 7LT£190,000£185,000-£5,00015 May 202430 Aug 2024107 Days
119 North Park, Fakenham, Norfolk, NR21 9RJ£240,000£215,000-£25,00027 Nov 202326 Jul 2024242 Days
31 The Lawn, Fakenham, Norfolk, NR21 8DT£275,000£255,000-£20,00023 Jan 202426 Jul 2024185 Days
56 Valley Way, Fakenham, Norfolk, NR21 8PH£375,000£375,000£0011 Jan 202426 Jul 2024197 Days
21 Stibbard Road, Fulmodestone, Fakenham, Norfolk, NR21 0LZ£270,000£268,000-£2,00023 Jan 202405 Jul 2024164 Days
25 Warren Avenue, Fakenham, Norfolk, NR21 8NP£230,000£210,000-£20,00010 Aug 202301 Jul 2024326 Days
148 North Park, Fakenham, Norfolk, NR21 9RJ£250,000£248,000-£2,00021 Oct 202328 Jun 2024251 Days
18 Clover Way, Fakenham, Norfolk, NR21 8PA£270,000£265,000-£5,00002 Feb 202418 Jun 2024137 Days
61 Rudham Stile Lane, Fakenham, Norfolk, NR21 8JW£400,000£390,000-£10,00022 Feb 202417 Jun 2024116 Days
37 Eckersley Drive, Fakenham, Norfolk, NR21 9RY£190,000£190,000£0029 Mar 202414 Jun 202477 Days
26 Church Lanes, Fakenham, Norfolk, NR21 9DG£150,000£130,000-£20,00027 Nov 202324 May 2024179 Days
6 Pine Coombe, Wicken Green Village, Fakenham, Norfolk, NR21 7QU£180,000£175,000-£5,00026 Sep 202320 May 2024237 Days
101 Fakenham Road, Great Ryburgh, Fakenham, Norfolk, NR21 7AQ£450,000£430,000-£20,00026 Dec 202303 May 2024129 Days
7 Great Eastern Way, Fakenham, Norfolk, NR21 8HD£180,000£170,000-£10,00001 Feb 202426 Apr 202485 Days
4 Hares Close, Little Snoring, Fakenham, Norfolk, NR21 0NZ£200,000£198,000-£2,00024 Nov 202324 Apr 2024152 Days
20a, Norwich Road, Fakenham, Norfolk, NR21 8AZ£270,000£255,000-£15,00006 Sep 202319 Apr 2024226 Days
14 Church Lanes, Fakenham, Norfolk, NR21 9DG£175,000£170,000-£5,00021 Nov 202318 Apr 2024149 Days
3 Timperley Estate, Colkirk, Fakenham, Norfolk, NR21 7NN£250,000£230,000-£20,00015 Jan 202417 Apr 202493 Days
23 Shereford Road, Hempton, Fakenham, Norfolk, NR21 7LJ£499,950£480,000-£19,95022 Sep 202311 Apr 2024202 Days
Rowans Cottage, West Raynham Road, South Raynham, Fakenham, Norfolk, NR21 7HE£280,000£280,000£0003 Jan 202410 Apr 202498 Days

Most Expensive Streets in NR21 (Fakenham)

PostcodeStreetAreaAverageNo. of Sales
NR21 0DQWarham Road, BinhamFakenham£830,47510
NR21 0PTMoorgate Road, HindringhamFakenham£817,8333
NR21 9LYBluestone Road, South CreakeFakenham£671,5004
NR21 7ETHollow Lane, West RaynhamFakenham£659,2857
NR21 0AHThe Street, Great SnoringFakenham£648,3333
NR21 9NBGrove Farm Barns, Creake RoadFakenham£611,6663
NR21 0DDThe Green, BinhamFakenham£585,6663
NR21 0JJThursford Road, Little SnoringFakenham£581,0003
NR21 9LQWest Street, North CreakeFakenham£569,8359
NR21 7HDThe Bowling Green, West RaynhamFakenham£555,0003

Least Expensive Streets in NR21 (Fakenham)

PostcodeStreetAreaAverageNo. of Sales
NR21 8SUMeadow WalkFakenham£113,6003
NR21 8HNNorwich RoadFakenham£116,8754
NR21 8EUWaterfield AvenueFakenham£118,1254
NR21 8EXWaterfield AvenueFakenham£118,5004
NR21 9AJNewmans CourtFakenham£123,1663
NR21 8HDGreat Eastern WayFakenham£133,8128
NR21 8HEFayregreenFakenham£134,46516
NR21 8EDSummit House, Holt RoadFakenham£138,5666
NR21 8EZWaterfield CloseFakenham£139,1256
NR21 9PUMeadow Rise, South CreakeFakenham£150,1666

Explore NR21 (Fakenham) using map

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