3, PALMERS LANE, WRENTHAM, BECCLES, NR34 7HA - £475,000

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 PALMERS LANE is a very large extended detached house of 167m², built sometime between 2003 and 2006. It was last sold for £475,000 in July 2020, which was around 33% above the average July 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was A.

3 PALMERS LANE Sold Prices

Land registry data shows four sales for 3 PALMERS 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 East Suffolk local authority area for the corresponding sale date. All of the four 3 PALMERS LANE sales were for above 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 3 JUL	£475,000	£357,411	33% above HPI
2016 27 JUL	£440,000	£311,086	41% above HPI
2007 14 DEC	£343,000	£265,534	29% above HPI
2005 11 NOV	£295,000	£226,655	30% above HPI

3 PALMERS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The four 3 PALMERS LANE sales between November 2005 and July 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 July 2016 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2020 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 3 PALMERS LANE?

3 PALMERS LANE is 167m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses in Wrentham, based on EPC data. The below chart shows the distribution of detached houses by size in Wrentham, and where 3 PALMERS LANE lies on this distribution: 87% of detached houses are smaller than 3 PALMERS LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Wrentham.

3 PALMERS LANE: Plot and Title Map

3 PALMERS LANE sits on a plot of roughly 0.182 of an acre, or 737m². The below map shows the location of 3 PALMERS 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 PALMERS 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 PALMERS LANE?

3 PALMERS LANE is located in WRENTHAM, in the NR34 postcode district. The below map shows the position of No. 3 on PALMERS LANE.