1, FOUNDRY LANE, RINGSTEAD, HUNSTANTON, PE36 5LE - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FOUNDRY LANE is a very small detached house of 75m², built sometime before 1900. It was last sold for £285,000 in March 2019, which was around 2% below the average March 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was B.

1 FOUNDRY LANE Sold Prices

Land registry data shows two sales for 1 FOUNDRY LANE since 1^st 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 FOUNDRY LANE sales 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
2019 15 MAR	£285,000	£290,697	2% below HPI
2003 12 DEC	£145,000	£162,543	11% below HPI

1 FOUNDRY LANE 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 two 1 FOUNDRY LANE sales from December 2003 and March 2019 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 December 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2019 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1 FOUNDRY LANE?

1 FOUNDRY LANE is 75m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses in Ringstead, based on EPC data. The below chart shows the distribution of detached houses by size in Ringstead, and where 1 FOUNDRY LANE lies on this distribution: 14% of detached houses are smaller than 1 FOUNDRY LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Ringstead.

1 FOUNDRY LANE: Plot and Title Map

1 FOUNDRY LANE sits on a plot of roughly 0.019 of an acre, or 79m². The below map shows the location of 1 FOUNDRY 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 FOUNDRY 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.

Where is 1 FOUNDRY LANE?

1 FOUNDRY LANE is located in RINGSTEAD, in the PE36 postcode district. The below map shows the position of No. 1 on FOUNDRY LANE.