4, RUSSELL DRIVE, OUTWELL, WISBECH, PE14 8RS - £236,000

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

4 RUSSELL DRIVE is a very small detached house of 72m², built sometime between 2003 and 2006. It was last sold for £236,000 in January 2021, which was around 24% below the average January 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was A.

4 RUSSELL DRIVE Sold Prices

Land registry data shows three sales for 4 RUSSELL DRIVE 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 4 RUSSELL DRIVE 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
2021 18 JAN	£236,000	£311,237	24% below HPI
2016 15 SEP	£160,000	£257,512	38% below HPI
2006 24 MAY	£134,000	£195,575	31% below HPI

4 RUSSELL DRIVE 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 4 RUSSELL DRIVE sales between May 2006 and January 2021 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 September 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 4 RUSSELL DRIVE?

4 RUSSELL DRIVE is 72m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where 4 RUSSELL DRIVE lies on this distribution: 16% of detached houses are smaller than 4 RUSSELL DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Outwell.

4 RUSSELL DRIVE: Plot and Title Map

4 RUSSELL DRIVE sits on a plot of roughly 0.076 of an acre, or 310m². The below map shows the location of 4 RUSSELL DRIVE, 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 4 RUSSELL DRIVE). 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 4 RUSSELL DRIVE?

4 RUSSELL DRIVE is located in OUTWELL, in the PE14 postcode district. The below map shows the position of No. 4 on RUSSELL DRIVE.