2, LORDS LANE, HEACHAM, KING'S LYNN, PE31 7DJ - £130,000

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

2 LORDS LANE is a very large extended detached house of 131m², built sometime between 1950 and 1966. It was last sold for £130,000 in April 1999, which was around 73% above the average April 1999 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

2 LORDS LANE Sold Prices

Land registry data shows three sales for 2 LORDS LANE since 1^st January 1995. The below table shows the price paid for the three 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 three 2 LORDS LANE sales were for above the average price, whilst one was 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
1999 30 APR	£130,000	£75,180	73% above HPI
1998 2 SEP	£57,000	£74,584	24% below HPI
1998 16 FEB	£105,000	£70,953	48% above HPI

2 LORDS 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 three 2 LORDS LANE sales between February 1998 and April 1999 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 September 1998 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 1999 sale, where it rises to 73% above the HPI. The line then continues to track at 73% above the HPI.

How Large is 2 LORDS LANE?

2 LORDS LANE is 131m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 20% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 2 LORDS LANE lies on this distribution: 80% of detached houses are smaller than 2 LORDS LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Heacham.

2 LORDS LANE: Plot and Title Map

2 LORDS LANE sits on a plot of roughly 0.235 of an acre, or 952m². The below map shows the location of 2 LORDS 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 2 LORDS 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 2 LORDS LANE?

2 LORDS LANE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 2 on LORDS LANE.