16, EYE LANE, EAST RUDHAM, KING'S LYNN, PE31 8RJ - £318,500

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

16 EYE LANE is a very small detached house of 98m², built sometime between 1983 and 1990. It was last sold for £318,500 in May 2024, which was around 8% below the average May 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

16 EYE LANE Sold Prices

Land registry data shows two sales for 16 EYE 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 16 EYE 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
2024 13 MAY	£318,500	£346,512	8% below HPI
2005 11 FEB	£143,500	£179,550	20% below HPI

16 EYE 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 16 EYE LANE sales from February 2005 and May 2024 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 February 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2024 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 16 EYE LANE?

16 EYE LANE is 98m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in East Rudham, based on EPC data. The below chart shows the distribution of detached houses by size in East Rudham, and where 16 EYE LANE lies on this distribution: 9% of detached houses are smaller than 16 EYE LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in East Rudham.

16 EYE LANE: Plot and Title Map

16 EYE LANE sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of 16 EYE 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 16 EYE 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 16 EYE LANE?

16 EYE LANE is located in EAST RUDHAM, in the PE31 postcode district. The below map shows the position of No. 16 on EYE LANE.