48, PARK LANE, WYMONDHAM, NR18 9BG - £178,000

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

48 PARK LANE is a small extended detached house of 87m², built sometime between 1983 and 1990. It was last sold for £178,000 in March 2004, which was around 7% below the average March 2004 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

48 PARK LANE Sold Prices

Land registry data shows two sales for 48 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 48 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
2004 19 MAR	£178,000	£192,133	7% below HPI
2002 16 AUG	£147,000	£165,381	11% below HPI

48 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 48 PARK LANE sales from August 2002 and March 2004 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 August 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2004 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 48 PARK LANE?

48 PARK LANE is 87m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 30% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 48 PARK LANE lies on this distribution: 26% of detached houses are smaller than 48 PARK LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

48 PARK LANE: Plot and Title Map

48 PARK LANE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 48 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 48 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 48 PARK LANE?

48 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 48 on PARK LANE.