50, PARK LANE, WYMONDHAM, NR18 9BG - £460,000

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

50 PARK LANE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £460,000 in September 2021, which was around 24% above the average September 2021 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

50 PARK LANE Sold Prices

Land registry data shows two sales for 50 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. One of the two 50 PARK LANE sales was for above the average price, whilst the other was 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 9 SEP	£460,000	£372,414	24% above HPI
2012 16 AUG	£150,000	£238,112	37% below HPI

50 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 50 PARK LANE sales from August 2012 and September 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 August 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 50 PARK LANE?

50 PARK LANE is 70m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 50 PARK LANE lies on this distribution: 7% of detached houses are smaller than 50 PARK LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

50 PARK LANE: Plot and Title Map

50 PARK LANE sits on a plot of roughly 0.178 of an acre, or 721m². The below map shows the location of 50 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 50 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 50 PARK LANE?

50 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 50 on PARK LANE.