38, PARK LANE, WYMONDHAM, NR18 9BG - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 PARK LANE is a large extended detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £353,790. It was last sold for £240,000 in December 2015, which was around 20% below the average December 2015 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

38 PARK LANE Sold Prices

Land registry data shows three sales for 38 PARK 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 South Norfolk local authority area for the corresponding sale date. Two of the three 38 PARK LANE sales were for below the average price, whilst one was 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
2015 10 DEC	£240,000	£298,547	20% below HPI
1999 27 JAN	£102,000	£88,606	15% above HPI
1995 1 FEB	£76,000	£77,887	2% below HPI

38 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 38 PARK LANE sales between February 1995 and December 2015 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 1999 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2015 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 38 PARK LANE be worth now?

38 PARK LANE might now be worth an estimated £353,790.

This is based on house price inflation of 47.4%, between December 2015 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.4% inflationary increase is applied to the most recent sale price for 38 PARK LANE of £240,000 on 10th December 2015. For the value to have increased from £240,000 to £353,790 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 38 PARK LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The December 2015 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 38 PARK LANE has not materially changed since December 2015.

How Large is 38 PARK LANE?

38 PARK LANE is 138m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 30% of detached houses houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wymondham, and where 38 PARK LANE lies on this distribution: 78% of detached houses houses are smaller than 38 PARK LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

38 PARK LANE: Plot and Title Map

38 PARK LANE sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 38 PARK 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 38 PARK 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 38 PARK LANE?

38 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 38 on PARK LANE.