22, POUND LANE, HEACHAM, KING'S LYNN, PE31 7EU - £300,000

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.

22 POUND LANE is a large detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £361,473. It was last sold for £300,000 in August 2019, which was around 1% below the average August 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

22 POUND LANE Sold Prices

Land registry data shows two sales for 22 POUND 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 22 POUND LANE sales was for below the average price, whilst the other was for above 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 28 AUG	£300,000	£304,355	1% below HPI
2006 26 JUL	£241,000	£205,886	17% above HPI

22 POUND 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 22 POUND LANE sales from July 2006 and August 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 July 2006 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 22 POUND LANE be worth now?

22 POUND LANE might now be worth an estimated £361,473.

This is based on house price inflation of 20.5%, between August 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 20.5% inflationary increase is applied to the most recent sale price for 22 POUND LANE of £300,000 on 28th August 2019. For the value to have increased from £300,000 to £361,473 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 22 POUND LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 22 POUND LANE has not materially changed since August 2019.

How Large is 22 POUND LANE?

22 POUND LANE is 123m² according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heacham, and where 22 POUND LANE lies on this distribution: 75% of detached houses houses are smaller than 22 POUND LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Heacham.

22 POUND LANE: Plot and Title Map

22 POUND LANE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 22 POUND 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 POUND 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 22 POUND LANE?

22 POUND LANE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 22 on POUND LANE.