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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FOUNDRY LANE is a very small detached house of 75m², built sometime before 1900, which could now be worth an estimated £349,866. It was last sold for £285,000 in March 2019, which was around 5% 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	£298,729	5% below HPI
2003 12 DEC	£145,000	£167,035	13% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2019 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 1 FOUNDRY LANE be worth now?

1 FOUNDRY LANE might now be worth an estimated £349,866.

This is based on house price inflation of 22.8%, between March 2019 and February 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 1 FOUNDRY LANE of £285,000 on 15th March 2019. For the value to have increased from £285,000 to £349,866 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 1 FOUNDRY LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FOUNDRY LANE has not materially changed since March 2019.

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 houses in Ringstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ringstead, and where 1 FOUNDRY LANE lies on this distribution: 14% of detached houses 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 0.020 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.