7, GARAGE LANE, SETCHEY, KING'S LYNN, PE33 0BE - £107,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 GARAGE LANE is a small extended detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £177,670. It was last sold for £107,000 in April 2014, which was around 52% below the average April 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was E, and the potential energy rating was B.

7 GARAGE LANE Sold Prices

Land registry data shows three sales for 7 GARAGE LANE 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. All of the three 7 GARAGE 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
2014 25 APR	£107,000	£220,853	52% below HPI
2009 19 JAN	£61,000	£195,967	69% below HPI
2008 26 MAR	£134,000	£222,651	40% below HPI

7 GARAGE 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 three 7 GARAGE LANE sales between March 2008 and April 2014 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 2009 sale was for 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the April 2014 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 7 GARAGE LANE be worth now?

7 GARAGE LANE might now be worth an estimated £177,670.

This is based on house price inflation of 66%, between April 2014 and February 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66% inflationary increase is applied to the most recent sale price for 7 GARAGE LANE of £107,000 on 25th April 2014. For the value to have increased from £107,000 to £177,670 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 7 GARAGE LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The April 2014 sale price of £107,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GARAGE LANE has not materially changed since April 2014.

How Large is 7 GARAGE LANE?

7 GARAGE LANE is 95m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses houses in Setchey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Setchey, and where 7 GARAGE LANE lies on this distribution: 20% of detached houses houses are smaller than 7 GARAGE LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Setchey.

7 GARAGE LANE: Plot and Title Map

7 GARAGE LANE sits on a plot of roughly 0.226 of an acre, or 915m². The below map shows the location of 7 GARAGE 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 7 GARAGE 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 7 GARAGE LANE?

7 GARAGE LANE is located in SETCHEY, in the PE33 postcode district. The below map shows the position of No. 7 on GARAGE LANE.