23, COMMON LANE, SOUTHERY, DOWNHAM MARKET, PE38 0PB - £145,000

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.

23 COMMON LANE is a small detached house of 85m², built sometime between 1983 and 1990, which could now be worth an estimated £243,200. It was last sold for £145,000 in October 2013, which was around 34% below the average October 2013 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

23 COMMON LANE Sold Prices

Land registry data shows four sales for 23 COMMON LANE since 1^st 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 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
2013 4 OCT	£145,000	£218,645	34% below HPI
2011 15 JUL	£140,000	£201,190	30% below HPI
2007 11 OCT	£153,500	£226,396	32% below HPI
1997 22 AUG	£49,000	£67,570	27% 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 four 23 COMMON LANE sales between August 1997 and October 2013 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 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2013 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 23 COMMON LANE be worth now?

23 COMMON LANE might now be worth an estimated £243,200.

This is based on house price inflation of 67.7%, between October 2013 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 67.7% inflationary increase is applied to the most recent sale price for 23 COMMON LANE of £145,000 on 4th October 2013. For the value to have increased from £145,000 to £243,200 over the twelve years and eight 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 October 2013 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 23 COMMON LANE has not materially changed since October 2013.

How Large is 23 COMMON LANE?

23 COMMON LANE is 85m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Southery, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southery, and where 23 COMMON LANE lies on this distribution: 25% of detached houses houses are smaller than 23 COMMON LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Southery.

23 COMMON LANE: Plot and Title Map

23 COMMON LANE sits on a plot of roughly 0.092 of an acre, or 374m². 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 SOUTHERY, in the PE38 postcode district. The below map shows the position of No. 23 on COMMON LANE.