MICHAELMAS, CROSS LANE, STANHOE, KING'S LYNN, PE31 8PS - £625,000

MICHAELMAS is a midsized extended detached house of 132m², built sometime between 1983 and 1990. It was last sold for £625,000 in February 2023, which was around 65% above the average February 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

MICHAELMAS Sold Prices

Land registry data shows four sales for MICHAELMAS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. two of the four MICHAELMAS sales were for above the average price, and four were for below 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
2023 17 FEB	£625,000	£378,073	65% above HPI
2018 3 JAN	£270,000	£285,640	5% below HPI
2012 31 AUG	£215,000	£203,314	6% above HPI
2006 20 JAN	£185,000	£193,177	4% below HPI

MICHAELMAS Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The four MICHAELMAS sales between January 2006 and February 2023 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 January 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2023 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is MICHAELMAS?

MICHAELMAS is 132m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 50% of detached houses in Stanhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Stanhoe, and where MICHAELMAS lies on this distribution: 43% of detached houses are smaller than MICHAELMAS, and 57% of houses are larger. Note that EPC data is not available for all properties in Stanhoe.

MICHAELMAS: Plot and Title Map

MICHAELMAS sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of MICHAELMAS, 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 MICHAELMAS). 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 MICHAELMAS?

MICHAELMAS is located on CROSS LANE in STANHOE, in the PE31 postcode district. The below map shows the position of MICHAELMAS on CROSS LANE.