40, PARK LANE, WYMONDHAM, NR18 9BG - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 PARK LANE is a very small extended detached house of 74m², built sometime between 1930 and 1949. It was last sold for £250,000 in February 2020, which was around 28% below the average February 2020 detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

40 PARK LANE Sold Prices

Land registry data shows two sales for 40 PARK 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 South Norfolk local authority area for the corresponding sale date. Both of the two 40 PARK 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 7 FEB	£250,000	£346,328	28% below HPI
1997 18 JUL	£46,000	£79,622	42% below HPI

40 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 two 40 PARK LANE sales from July 1997 and February 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 1997 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2020 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 40 PARK LANE?

40 PARK LANE is 74m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 40 PARK LANE lies on this distribution: 12% of detached houses are smaller than 40 PARK LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

40 PARK LANE: Plot and Title Map

40 PARK LANE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 40 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 40 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 40 PARK LANE?

40 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 40 on PARK LANE.