Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
1 BACK LANE is a very large detached house of 164m². It was last sold for £365,000 in October 2020, which was around 17% above the average October 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.
Land registry data shows two sales for 1 BACK LANE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 1 BACK LANE sales were for above 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 |
---|---|---|---|
2020 2 OCT | £365,000 | £311,406 | 17% above HPI |
2016 18 MAR | £320,000 | £255,469 | 25% above HPI |
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 two 1 BACK LANE sales from March 2016 and October 2020 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 March 2016 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.
1 BACK LANE is 164m² according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses in West Winch, based on EPC data. The below chart shows the distribution of detached houses by size in West Winch, and where 1 BACK LANE lies on this distribution: 90% of detached houses are smaller than 1 BACK LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in West Winch.
1 BACK LANE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 1 BACK LANE, 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 1 BACK LANE). 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.
1 BACK LANE is located in WEST WINCH, in the PE33 postcode district. The below map shows the position of No. 1 on BACK LANE.