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
22 GRAVEL HILL LANE is a small extended detached house of 101m², built sometime between 1967 and 1975. It was last sold for £265,000 in August 2017, which was around 5% below the average August 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows four sales for 22 GRAVEL HILL LANE since 1st January 1995. The below table shows the price paid for the four 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 four 22 GRAVEL HILL 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 |
---|---|---|---|
2017 24 AUG | £265,000 | £280,393 | 5% below HPI |
2007 9 FEB | £185,000 | £203,427 | 9% below HPI |
2001 3 AUG | £95,000 | £107,883 | 12% below HPI |
1998 16 JUN | £70,000 | £73,470 | 5% below HPI |
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 four 22 GRAVEL HILL LANE sales between June 1998 and August 2017 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 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2017 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.
22 GRAVEL HILL LANE is 101m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses in West Winch, based on EPC data. The below chart shows the distribution of detached houses by size in West Winch, and where 22 GRAVEL HILL LANE lies on this distribution: 31% of detached houses are smaller than 22 GRAVEL HILL LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in West Winch.
22 GRAVEL HILL LANE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 22 GRAVEL HILL 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 22 GRAVEL HILL 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.
22 GRAVEL HILL LANE is located in WEST WINCH, in the PE33 postcode district. The below map shows the position of No. 22 on GRAVEL HILL LANE.