20, COMMON LANE, NORTH RUNCTON, KING'S LYNN, PE33 0RD - £440,000

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.

20 COMMON LANE is a large detached house of 186m², which could now be worth an estimated £540,144. It was last sold for £440,000 in March 2019, which was around 47% above the average March 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was B, and the potential energy rating was B.

20 COMMON LANE Sold Prices

Land registry data shows two sales for 20 COMMON 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. One of the two 20 COMMON LANE sales was for above the average price, whilst the other 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
2019 7 MAR	£440,000	£298,729	47% above HPI
2016 25 NOV	£155,000	£273,281	43% below HPI

20 COMMON 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 20 COMMON LANE sales from November 2016 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 November 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2019 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 20 COMMON LANE be worth now?

20 COMMON LANE might now be worth an estimated £540,144.

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 20 COMMON LANE of £440,000 on 7th March 2019. For the value to have increased from £440,000 to £540,144 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 20 COMMON 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 £440,000 represented a fair market value for the property.
• The size, condition, and specification of 20 COMMON LANE has not materially changed since March 2019.

How Large is 20 COMMON LANE?

20 COMMON LANE is 186m² according to the EPC inspection conducted in April 2018. This puts it in the largest 40% of detached houses houses in North Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Runcton, and where 20 COMMON LANE lies on this distribution: 63% of detached houses houses are smaller than 20 COMMON LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in North Runcton.

20 COMMON LANE: Plot and Title Map

20 COMMON LANE sits on a plot of roughly 0.230 of an acre, or 931m². The below map shows the location of 20 COMMON 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 20 COMMON 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 20 COMMON LANE?

20 COMMON LANE is located in NORTH RUNCTON, in the PE33 postcode district. The below map shows the position of No. 20 on COMMON LANE.