2, SPELMAN WAY, NARBOROUGH, KING'S LYNN, PE32 1WH - £260,000

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

2 SPELMAN WAY is a midsized detached house of 90m². It was last sold for £260,000 in November 2022, which was around 31% below the average November 2022 detached price in the Breckland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was B.

2 SPELMAN WAY Sold Prices

Land registry data shows two sales for 2 SPELMAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two 2 SPELMAN WAY 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
2022 4 NOV	£260,000	£376,827	31% below HPI
2017 29 SEP	£221,995	£291,914	24% below HPI

2 SPELMAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 2 SPELMAN WAY sales from September 2017 and November 2022 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 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 SPELMAN WAY?

2 SPELMAN WAY is 90m² according to the EPC inspection conducted in September 2017. This puts it in the largest 50% of detached houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses by size in Narborough, and where 2 SPELMAN WAY lies on this distribution: 55% of detached houses are smaller than 2 SPELMAN WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Narborough.

2 SPELMAN WAY: Plot and Title Map

2 SPELMAN WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 SPELMAN WAY, 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 SPELMAN WAY). 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 SPELMAN WAY?

2 SPELMAN WAY is located in NARBOROUGH, in the PE32 postcode district. The below map shows the position of No. 2 on SPELMAN WAY.