24, POUND LANE, HEACHAM, KING'S LYNN, PE31 7EU - £159,000

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

24 POUND LANE is a small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £159,000 in August 2006, which was around 20% below the average August 2006 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

24 POUND LANE Sold Prices

Land registry data shows two sales for 24 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. Both of the two 24 POUND 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
2006 25 AUG	£159,000	£199,841	20% below HPI
2002 9 AUG	£108,000	£136,280	21% below HPI

24 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 24 POUND LANE sales from August 2002 and August 2006 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 August 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2006 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 24 POUND LANE?

24 POUND LANE is 82m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 24 POUND LANE lies on this distribution: 39% of detached houses are smaller than 24 POUND LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Heacham.

24 POUND LANE: Plot and Title Map

24 POUND LANE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 24 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 24 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 24 POUND LANE?

24 POUND LANE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 24 on POUND LANE.