32, SCHOOL LANE, NORTHWOLD, THETFORD, IP26 5NB - £285,000

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

32 SCHOOL LANE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £285,000 in March 2022, which was around 17% below the average March 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was D.

32 SCHOOL LANE Sold Prices

Land registry data shows two sales for 32 SCHOOL 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 32 SCHOOL 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
2022 4 MAR	£285,000	£344,475	17% below HPI
2021 12 MAR	£212,000	£316,180	33% below HPI

32 SCHOOL 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 32 SCHOOL LANE sales from March 2021 and March 2022 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 March 2021 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 32 SCHOOL LANE?

32 SCHOOL LANE is 80m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of detached houses in Northwold, based on EPC data. The below chart shows the distribution of detached houses by size in Northwold, and where 32 SCHOOL LANE lies on this distribution: 7% of detached houses are smaller than 32 SCHOOL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Northwold.

32 SCHOOL LANE: Plot and Title Map

32 SCHOOL LANE sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of 32 SCHOOL 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 32 SCHOOL 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 32 SCHOOL LANE?

32 SCHOOL LANE is located in NORTHWOLD, in the IP26 postcode district. The below map shows the position of No. 32 on SCHOOL LANE.