23, COMMON LANE, NORTH RUNCTON, KING'S LYNN, PE33 0RD - £227,500

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.

23 COMMON LANE is a midsized detached house of 147m², which could now be worth an estimated £299,524. It was last sold for £227,500 in May 2017, which was around 18% below the average May 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

23 COMMON LANE Sold Prices

Land registry data shows two sales for 23 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. Both of the two 23 COMMON 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 5 MAY	£227,500	£278,538	18% below HPI
2012 27 JUL	£170,000	£209,154	19% below HPI

23 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 23 COMMON LANE sales from July 2012 and May 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 July 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 23 COMMON LANE be worth now?

23 COMMON LANE might now be worth an estimated £299,524.

This is based on house price inflation of 31.7%, between May 2017 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 31.7% inflationary increase is applied to the most recent sale price for 23 COMMON LANE of £227,500 on 5th May 2017. For the value to have increased from £227,500 to £299,524 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 23 COMMON LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2017 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 23 COMMON LANE has not materially changed since May 2017.

How Large is 23 COMMON LANE?

23 COMMON LANE is 147m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 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 23 COMMON LANE lies on this distribution: 40% of detached houses houses are smaller than 23 COMMON LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in North Runcton.

23 COMMON LANE: Plot and Title Map

23 COMMON LANE sits on a plot of roughly 0.265 of an acre, or 1,074m². The below map shows the location of 23 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 23 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 23 COMMON LANE?

23 COMMON LANE is located in NORTH RUNCTON, in the PE33 postcode district. The below map shows the position of No. 23 on COMMON LANE.