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House Prices in NR21

The average house price in NR21 (Fakenham) is £422,855 using HM Land Registry data.

The average property price increased by £92,934 (28.58%) over the last 5 years and increased by £18,578 (4.24%) over the last 12 months.

Over the last year, there were 189 residential property sales – a decrease of 70 transactions (-37.04%) relative to the previous year. The majority of house sales (53) were in the £160,000 - £242,000 range. Then came properties in the £242,000 - £324,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,948 (-2%).

In June 2024, there were 45 new estate agency instructions, 34 agreed home sales and 23 property price reductions.

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.

Property Market Heat Gauge for NR21 (Fakenham) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
7 Great Eastern Way, Fakenham, Norfolk, NR21 8HD	£180,000	£170,000	-£10,000	01 Feb 2024	26 Apr 2024	85 Days
4 Hares Close, Little Snoring, Fakenham, Norfolk, NR21 0NZ	£200,000	£198,000	-£2,000	24 Nov 2023	24 Apr 2024	152 Days
20a, Norwich Road, Fakenham, Norfolk, NR21 8AZ	£270,000	£255,000	-£15,000	06 Sep 2023	19 Apr 2024	226 Days
14 Church Lanes, Fakenham, Norfolk, NR21 9DG	£175,000	£170,000	-£5,000	21 Nov 2023	18 Apr 2024	149 Days
72 Wells Road, Fakenham, Norfolk, NR21 9HH	£335,000	£325,000	-£10,000	04 Sep 2023	09 Apr 2024	218 Days
2 Horns Row, Hempton, Fakenham, Norfolk, NR21 7JZ	£200,000	£200,000	£00	26 Dec 2023	15 Mar 2024	80 Days
Pound Farm House, Wood Norton Road, Stibbard, Fakenham, Norfolk, NR21 0EX	£550,000	£540,000	-£10,000	18 Aug 2023	15 Mar 2024	210 Days
2b, Mission Lane, Fakenham, Norfolk, NR21 8LH	£350,000	£342,500	-£7,500	31 May 2023	21 Feb 2024	266 Days
37a, Holt Road, Fakenham, Norfolk, NR21 8BW	£375,000	£345,000	-£30,000	15 Jun 2023	16 Feb 2024	246 Days
5 William Road, Fakenham, Norfolk, NR21 8LT	£275,000	£265,000	-£10,000	15 Nov 2023	16 Feb 2024	93 Days
41 The Street, Barney, Fakenham, Norfolk, NR21 0NB	£250,000	£250,000	£00	08 Jul 2023	23 Jan 2024	199 Days
19 St Peters Road, Fakenham, Norfolk, NR21 8AJ	£220,000	£220,000	£00	16 Oct 2023	19 Jan 2024	95 Days
74 Gwyn Crescent, Fakenham, Norfolk, NR21 8NE	£390,000	£385,000	-£5,000	11 Sep 2023	20 Dec 2023	100 Days
12 Gorse Close, Fakenham, Norfolk, NR21 8PP	£350,000	£335,000	-£15,000	11 Jul 2023	15 Dec 2023	157 Days
17 Fisher Road, Fakenham, Norfolk, NR21 9QY	£340,000	£330,000	-£10,000	11 Aug 2023	15 Dec 2023	126 Days
43 The Street, Barney, Fakenham, Norfolk, NR21 0NB	£220,000	£210,000	-£10,000	05 Sep 2023	08 Dec 2023	94 Days
4 Thursford Road, Little Snoring, Fakenham, Norfolk, NR21 0JN	£365,000	£365,000	£00	09 Feb 2023	06 Dec 2023	300 Days
7 Bridges Walk, Fakenham, Norfolk, NR21 9TB	£200,000	£195,000	-£5,000	06 Sep 2023	05 Dec 2023	90 Days
4 Sandy Lane, Fakenham, Norfolk, NR21 9ES	£280,000	£250,000	-£30,000	27 Sep 2023	01 Dec 2023	65 Days
3 Bridges Walk, Fakenham, Norfolk, NR21 9TB	£140,000	£136,000	-£4,000	30 Aug 2023	01 Dec 2023	93 Days

Most Expensive Streets in NR21 (Fakenham)

Postcode	Street	Area	Average	No. of Sales
NR21 0DQ	Warham Road, Binham	Fakenham	£830,475	10
NR21 0PT	Moorgate Road, Hindringham	Fakenham	£817,833	3
NR21 0BU	Hindringham High Barns, Blakeney Road	Fakenham	£679,833	3
NR21 9LY	Bluestone Road, South Creake	Fakenham	£671,500	4
NR21 0AH	The Street, Great Snoring	Fakenham	£648,333	3
NR21 0DD	The Green, Binham	Fakenham	£640,500	4
NR21 9NB	Grove Farm Barns, Creake Road	Fakenham	£611,666	3
NR21 7ET	Hollow Lane, West Raynham	Fakenham	£610,312	8
NR21 0QS	Field Dalling Road, Bale	Fakenham	£582,500	3
NR21 0JJ	Thursford Road, Little Snoring	Fakenham	£581,000	3

Least Expensive Streets in NR21 (Fakenham)

Postcode	Street	Area	Average	No. of Sales
NR21 8SU	Meadow Walk	Fakenham	£113,600	3
NR21 8HN	Norwich Road	Fakenham	£116,875	4
NR21 8EU	Waterfield Avenue	Fakenham	£117,000	5
NR21 8EX	Waterfield Avenue	Fakenham	£117,800	5
NR21 9AJ	Newmans Court	Fakenham	£123,166	3
NR21 8ED	Summit House, Holt Road	Fakenham	£129,127	11
NR21 8HD	Great Eastern Way	Fakenham	£131,142	7
NR21 8HE	Fayregreen	Fakenham	£134,465	16
NR21 8EZ	Waterfield Close	Fakenham	£139,125	6
NR21 8HQ	Barons Hall, Hall Close	Fakenham	£146,125	4