16 Olivet Way, Fakenham, NR21 9TD is a leasehold flat built between 1991-1995. The property offers approximately 570 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £108,740 , which equates to approximately £191 per square foot. It was last sold on 3 Jun 2024 for £110,000. Since then, the value has decreased by £1,260, representing a 1.1% decrease, or approximately 0.8% per year.

The current estimated value of £108,740 is:

  • 48.9% lower than the average property price on Olivet Way
  • 43.5% lower than the average in the NR21 9TD postcode area
  • and 60.7% lower than the average price for Fakenham as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 6 April 2023, the property was recorded as owner-occupied.

View sold house prices in NR21 9TD

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
570 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£108,740
Price Per sq ft (estimate)
£191
Bedroom Count (estimate)
1 bedroom

EPC Summary

16 Olivet Way, Fakenham, North Norfolk, Norfolk, NR21 9TD has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 6 Apr 2023.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows have full secondary glazing.

The previous EPC assessment was conducted on 18 May 2009. The rating of D remains the same, but the energy efficiency score improved by 11.7%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The hot water energy efficiency improving from poor to average, while the system remained as electric immersion, off-peak.
  • The roof construction or insulation changed from pitched, insulated (assumed) to (another dwelling above), changing energy efficiency from good to n/a.
  • The windows were upgraded from fully double glazed to full secondary glazing.
  • The lighting was updated from no low energy lighting to low energy lighting in 88% of fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Full secondary glazing
Good
Lighting
Low energy lighting in 88% of fixed outlets
Very Good

Compared to NR21 9TD

10 th / 12
Price Rank
44% lower than average
9 th / 9
Size Rank
43% smaller than average
7 th / 9
Price Per Sq FT Rank
1% lower than average

Compared to other properties in NR21 9TD , this flat's estimated value ranks 10th out of 12. Based on price per square foot, it ranks 7th out of 9 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 9th out of 9 properties in its postcode area.

Sale History

Today
£108,740
streetscan.co.uk estimate
-1 %
3 Jun 2024
£110,000
Leasehold
0 %
25 Jun 2018
£110,000
Leasehold
+12.2 %
23 Mar 2007
£98,000
Leasehold
+22.5 %
20 May 2005
£80,000
Leasehold
+158.1 %
21 Dec 1995
£31,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 592 sq ft
sale price: £99,000
sale date: 12 Jun 2020
rooms: 2
size: 592 sq ft
sale price: £79,500
sale date: 20 Dec 2010

Data Sources

The property at 16 Olivet Way, Fakenham, NR21 9TD appears five times in the Land Registry records, with the latest transaction recorded on 3 Jun 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Apr 2023. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


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