5, WATERING LANE, WEST WINCH, KING'S LYNN, PE33 0JY - £310,000

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

5 WATERING LANE is a small detached house of 95m², built sometime between 1950 and 1966. It was last sold for £310,000 in January 2023, which was around 18% below the average January 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was B.

5 WATERING LANE Sold Prices

Land registry data shows two sales for 5 WATERING 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 WATERING 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
2023 24 JAN	£310,000	£379,032	18% below HPI
1996 12 SEP	£50,000	£63,790	22% below HPI

5 WATERING 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 WATERING LANE sales from September 1996 and January 2023 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 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 WATERING LANE?

5 WATERING LANE is 95m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in West Winch, based on EPC data. The below chart shows the distribution of detached houses by size in West Winch, and where 5 WATERING LANE lies on this distribution: 26% of detached houses are smaller than 5 WATERING LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in West Winch.

5 WATERING LANE: Plot and Title Map

5 WATERING LANE sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of 5 WATERING 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 WATERING 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 WATERING LANE?

5 WATERING LANE is located in WEST WINCH, in the PE33 postcode district. The below map shows the position of No. 5 on WATERING LANE.