7, PARK LANE, WYMONDHAM, NR18 9BE - £235,000

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 PARK LANE is a small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £235,000 in May 2013, which was around 2% below the average May 2013 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

7 PARK LANE Sold Prices

Land registry data shows three sales for 7 PARK 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 South Norfolk local authority area for the corresponding sale date. All of the three 7 PARK 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
2013 31 MAY	£235,000	£238,743	2% below HPI
2011 21 JAN	£180,000	£236,914	24% below HPI
2004 12 FEB	£115,000	£193,516	41% below HPI

7 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 three 7 PARK LANE sales between February 2004 and May 2013 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2013 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 7 PARK LANE?

7 PARK LANE is 87m², which includes one extension, according to the EPC inspection conducted in December 2011. This puts it in the smallest 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 7 PARK LANE lies on this distribution: 26% of detached houses are smaller than 7 PARK LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

7 PARK LANE: Plot and Title Map

7 PARK LANE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 7 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 7 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 7 PARK LANE?

7 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 7 on PARK LANE.