6, THE GROVE, GRIMSTON, KING'S LYNN, PE32 1DG - £198,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

6 THE GROVE is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £198,000 in July 2015, which was around 18% below the average July 2015 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

6 THE GROVE Sold Prices

Land registry data shows four sales for 6 THE GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the four 6 THE GROVE 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
2015 22 JUL	£198,000	£241,060	18% below HPI
2011 7 JAN	£155,000	£210,327	26% below HPI
2003 10 JAN	£124,000	£145,445	15% below HPI
1997 23 MAY	£52,500	£66,888	22% below HPI

6 THE GROVE 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 four 6 THE GROVE sales between May 1997 and July 2015 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 January 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2015 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 6 THE GROVE?

6 THE GROVE is 67m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses in Grimston, based on EPC data. The below chart shows the distribution of detached houses by size in Grimston, and where 6 THE GROVE lies on this distribution: 4% of detached houses are smaller than 6 THE GROVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Grimston.

6 THE GROVE: Plot and Title Map

6 THE GROVE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 6 THE GROVE, 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 6 THE GROVE). 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 6 THE GROVE?

6 THE GROVE is located in GRIMSTON, in the PE32 postcode district. The below map shows the position of No. 6 on THE GROVE.