5, BACK LANE, SOUTH CREAKE, FAKENHAM, NR21 9PP - £420,000

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

5 BACK LANE is a very small extended detached house of 74m², built sometime before 1900. It was last sold for £420,000 in December 2017, which was around 45% above the average December 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

5 BACK LANE Sold Prices

Land registry data shows two sales for 5 BACK 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 5 BACK LANE sales were 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
2017 22 DEC	£420,000	£289,145	45% above HPI
2010 26 MAR	£270,000	£210,631	28% above HPI

5 BACK 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 5 BACK LANE sales from March 2010 and December 2017 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 2010 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2017 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 5 BACK LANE?

5 BACK LANE is 74m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the smallest 20% of detached houses in South Creake, based on EPC data. The below chart shows the distribution of detached houses by size in South Creake, and where 5 BACK LANE lies on this distribution: 14% of detached houses are smaller than 5 BACK LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in South Creake.

5 BACK LANE: Plot and Title Map

5 BACK LANE sits on a plot of roughly 0.129 of an acre, or 524m². The below map shows the location of 5 BACK 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 5 BACK 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 5 BACK LANE?

5 BACK LANE is located in SOUTH CREAKE, in the NR21 postcode district. The below map shows the position of No. 5 on BACK LANE.