2, THE RUSSETS, UPWELL, WISBECH, PE14 9AJ - £207,500

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

2 THE RUSSETS is a very small detached house of 78m², built sometime between 1991 and 1995. It was last sold for £207,500 in October 2018, which was around 30% below the average October 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

2 THE RUSSETS Sold Prices

Land registry data shows three sales for 2 THE RUSSETS 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. All of the three 2 THE RUSSETS 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
2018 19 OCT	£207,500	£297,977	30% below HPI
2012 5 JUL	£122,000	£203,530	40% below HPI
2002 17 MAY	£85,000	£122,014	30% below HPI

2 THE RUSSETS 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 THE RUSSETS sales between May 2002 and October 2018 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 July 2012 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2018 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 THE RUSSETS?

2 THE RUSSETS is 78m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses in Upwell, based on EPC data. The below chart shows the distribution of detached houses by size in Upwell, and where 2 THE RUSSETS lies on this distribution: 15% of detached houses are smaller than 2 THE RUSSETS, and 84% of houses are larger. Note that EPC data is not available for all properties in Upwell.

2 THE RUSSETS: Plot and Title Map

2 THE RUSSETS sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 2 THE RUSSETS, 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 THE RUSSETS). 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 THE RUSSETS?

2 THE RUSSETS is located in UPWELL, in the PE14 postcode district. The below map shows the position of No. 2 on THE RUSSETS.