56, PARK LANE, WYMONDHAM, NR18 9BG - £425,000

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

56 PARK LANE is a large detached house of 129m², built sometime between 2003 and 2006. It was last sold for £425,000 in June 2017, which was around 36% above the average June 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was C.

56 PARK LANE Sold Prices

Land registry data shows two sales for 56 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 56 PARK 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 30 JUN	£425,000	£313,571	36% above HPI
2005 1 DEC	£315,000	£226,999	39% above HPI

56 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 56 PARK LANE sales from December 2005 and June 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 December 2005 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the June 2017 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 56 PARK LANE?

56 PARK LANE is 129m² according to the EPC inspection conducted in June 2016. This puts it in the largest 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 56 PARK LANE lies on this distribution: 71% of detached houses are smaller than 56 PARK LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

56 PARK LANE: Plot and Title Map

56 PARK LANE sits on a plot of roughly 0.219 of an acre, or 885m². The below map shows the location of 56 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 56 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 56 PARK LANE?

56 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 56 on PARK LANE.