3, BAILEY LANE, CLENCHWARTON, KING'S LYNN, PE34 4AY - £213,000

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

3 BAILEY LANE is a small detached house of 81m², built sometime between 1950 and 1966. It was last sold for £213,000 in January 2020, which was around 27% below the average January 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was A.

3 BAILEY LANE Sold Prices

Land registry data shows two sales for 3 BAILEY 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 3 BAILEY 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
2020 31 JAN	£213,000	£292,223	27% below HPI
2001 11 MAY	£67,000	£99,510	33% below HPI

3 BAILEY 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 3 BAILEY LANE sales from May 2001 and January 2020 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 May 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 BAILEY LANE?

3 BAILEY LANE is 81m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 40% of detached houses in Clenchwarton, based on EPC data. The below chart shows the distribution of detached houses by size in Clenchwarton, and where 3 BAILEY LANE lies on this distribution: 32% of detached houses are smaller than 3 BAILEY LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Clenchwarton.

3 BAILEY LANE: Plot and Title Map

3 BAILEY LANE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of 3 BAILEY 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 3 BAILEY 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 3 BAILEY LANE?

3 BAILEY LANE is located in CLENCHWARTON, in the PE34 postcode district. The below map shows the position of No. 3 on BAILEY LANE.