7, BANK ROAD, DERSINGHAM, KING'S LYNN, PE31 6HW - £430,000

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

7 BANK ROAD is a small detached house of 83m², built sometime between 1950 and 1966. It was last sold for £430,000 in October 2021, which was around 31% above the average October 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

7 BANK ROAD Sold Prices

Land registry data shows three sales for 7 BANK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. One of the three 7 BANK ROAD sales was for above the average price, whilst two 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
2021 15 OCT	£430,000	£328,309	31% above HPI
2018 9 NOV	£260,000	£299,645	13% below HPI
2012 17 MAY	£175,000	£199,075	12% below HPI

7 BANK ROAD 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 three 7 BANK ROAD sales between May 2012 and October 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 November 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 7 BANK ROAD?

7 BANK ROAD is 83m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses in Dersingham, based on EPC data. The below chart shows the distribution of detached houses by size in Dersingham, and where 7 BANK ROAD lies on this distribution: 35% of detached houses are smaller than 7 BANK ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Dersingham.

7 BANK ROAD: Plot and Title Map

7 BANK ROAD sits on a plot of roughly 0.227 of an acre, or 920m². The below map shows the location of 7 BANK ROAD, 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 7 BANK ROAD). 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 7 BANK ROAD?

7 BANK ROAD is located in DERSINGHAM, in the PE31 postcode district. The below map shows the position of No. 7 on BANK ROAD.