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Fakenham House Prices Fakenham House Prices

The average house price in Fakenham is £242,666 using HM Land Registry data.

The average property price increased by £97,065 (47.65%) over the last 5 years and increased by £19,399 (6.89%) over the last 12 months.

Over the last year, there were 91 residential property sales – a decrease of 68 transactions (-74.73%) relative to the previous year. The majority of house sales (19) were in the £250,000 - £310,000 range. Then came properties in the £130,000 - £190,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 48 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,948 (-2%).

In April 2024, there were 21 new estate agency instructions, 16 agreed home sales and 21 property price reductions.

Postcodes Covered: NR21

5-Year Average Property Prices in Fakenham

47.65%

Property prices in Fakenham increased by 47.65% 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 Fakenham Over the Last Year

6.89%

Property prices in Fakenham increased by 6.89% 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 Fakenham - April 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 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 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 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 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 Fakenham since 1995

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

Recent Property Sales in Fakenham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2b, Mission Lane, Fakenham, Norfolk, NR21 8LH£350,000£342,500-£7,50031 May 202321 Feb 2024266 Days
37a, Holt Road, Fakenham, Norfolk, NR21 8BW£375,000£345,000-£30,00015 Jun 202316 Feb 2024246 Days
5 William Road, Fakenham, Norfolk, NR21 8LT£275,000£265,000-£10,00015 Nov 202316 Feb 202493 Days
19 St Peters Road, Fakenham, Norfolk, NR21 8AJ£220,000£220,000£0016 Oct 202319 Jan 202495 Days
12 Gorse Close, Fakenham, Norfolk, NR21 8PP£350,000£335,000-£15,00011 Jul 202315 Dec 2023157 Days
17 Fisher Road, Fakenham, Norfolk, NR21 9QY£340,000£330,000-£10,00011 Aug 202315 Dec 2023126 Days
4 Sandy Lane, Fakenham, Norfolk, NR21 9ES£280,000£250,000-£30,00027 Sep 202301 Dec 202365 Days
3 Bridges Walk, Fakenham, Norfolk, NR21 9TB£140,000£136,000-£4,00030 Aug 202301 Dec 202393 Days
1 Elizabeth Avenue, Fakenham, Norfolk, NR21 8JU£260,000£257,500-£2,50022 Aug 202323 Nov 202393 Days
42 Southgates Drive, Fakenham, Norfolk, NR21 8AQ£215,000£210,000-£5,00024 Jul 202323 Nov 2023122 Days
23 Nelson Road, Fakenham, Norfolk, NR21 9EN£425,000£425,000£0018 May 202331 Oct 2023166 Days
24a, Norwich Road, Fakenham, Norfolk, NR21 8AZ£225,000£217,000-£8,00009 May 202327 Oct 2023171 Days
13 Driftlands, Fakenham, Norfolk, NR21 8EB£260,000£248,000-£12,00021 Jul 202327 Oct 202398 Days
60 Eckersley Drive, Fakenham, Norfolk, NR21 9RY£220,000£220,000£0029 Mar 202327 Oct 2023212 Days
Holly House, Harp Close, Fakenham, Norfolk, NR21 9HN£545,000£520,000-£25,00029 Aug 202320 Oct 202352 Days
3 Valley Way, Fakenham, Norfolk, NR21 8PH£270,000£270,000£0028 Jun 202313 Oct 2023107 Days
24 Fayregreen, Fakenham, Norfolk, NR21 8HE£150,000£142,000-£8,00009 Mar 202306 Oct 2023211 Days
44 Back Street, Hempton, Fakenham, Norfolk, NR21 7LF£199,995£195,000-£4,99519 May 202306 Oct 2023140 Days
16 Fayregreen, Fakenham, Norfolk, NR21 8HE£170,000£165,000-£5,00002 Dec 202229 Sep 2023301 Days
47 Lancaster Avenue, Fakenham, Norfolk, NR21 8DJ£235,000£215,000-£20,00010 Jul 202326 Sep 202378 Days

Most Expensive Streets in Fakenham

PostcodeStreetAreaAverageNo. of Sales
NR21 8DFGreenway LaneFakenham£539,2873
NR21 9FFFulton GroveFakenham£508,3333
NR21 9HNHarp CloseFakenham£456,6663
NR21 9AAWells RoadFakenham£452,7504
NR21 9ESSandy LaneFakenham£418,6663
NR21 8JQThorpland RoadFakenham£395,8333
NR21 9ENNelson RoadFakenham£373,0006
NR21 9EXSandy LaneFakenham£359,0004
NR21 8PPGorse CloseFakenham£350,8336
NR21 8LNHeath LaneFakenham£349,5198

Least Expensive Streets in Fakenham

PostcodeStreetAreaAverageNo. of Sales
NR21 8SUMeadow WalkFakenham£113,6003
NR21 8EXWaterfield AvenueFakenham£113,6666
NR21 8HNNorwich RoadFakenham£116,8754
NR21 8EUWaterfield AvenueFakenham£117,0005
NR21 8HDGreat Eastern WayFakenham£124,6666
NR21 8EDSummit HouseHolt Road£129,12711
NR21 9AJNewmans CourtFakenham£133,4005
NR21 8HEFayregreenFakenham£134,46516
NR21 8EZWaterfield CloseFakenham£143,9505
NR21 9TBBridges WalkFakenham£145,0007

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