28, PAYNES LANE, FELTWELL, THETFORD, IP26 4BA - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 PAYNES LANE is a small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £275,000 in August 2023, which was around 26% below the average August 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2015, where the current energy rating was B, and the potential energy rating was B.

28 PAYNES LANE Sold Prices

Land registry data shows three sales for 28 PAYNES LANE since 1^st January 1995. The below table shows the price paid for the three 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 three 28 PAYNES 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
2023 7 AUG	£275,000	£371,500	26% below HPI
2020 6 JAN	£200,000	£292,223	32% below HPI
2007 7 SEP	£145,000	£217,007	33% below HPI

28 PAYNES 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 three 28 PAYNES LANE sales between September 2007 and August 2023 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 January 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 28 PAYNES LANE?

28 PAYNES LANE is 78m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% of detached houses in Feltwell, based on EPC data. The below chart shows the distribution of detached houses by size in Feltwell, and where 28 PAYNES LANE lies on this distribution: 21% of detached houses are smaller than 28 PAYNES LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Feltwell.

28 PAYNES LANE: Plot and Title Map

28 PAYNES LANE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 28 PAYNES 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 28 PAYNES 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 28 PAYNES LANE?

28 PAYNES LANE is located in FELTWELL, in the IP26 postcode district. The below map shows the position of No. 28 on PAYNES LANE.