7, THE ORCHARDS, NEW ROAD, WELNEY, WISBECH, PE14 9RA - £188,000

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 THE ORCHARDS is a small extended detached house of 86m², built sometime between 1983 and 1990. It was last sold for £188,000 in January 2017, which was around 29% below the average January 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

7 THE ORCHARDS Sold Prices

Land registry data shows three sales for 7 THE ORCHARDS 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 THE ORCHARDS 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
2017 24 JAN	£188,000	£266,552	29% below HPI
2011 2 DEC	£125,000	£207,521	40% below HPI
1995 7 APR	£56,000	£61,372	9% below HPI

7 THE ORCHARDS 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 THE ORCHARDS sales between April 1995 and January 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 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 THE ORCHARDS?

7 THE ORCHARDS is 86m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 40% of detached houses in Welney, based on EPC data. The below chart shows the distribution of detached houses by size in Welney, and where 7 THE ORCHARDS lies on this distribution: 36% of detached houses are smaller than 7 THE ORCHARDS, and 64% of houses are larger. Note that EPC data is not available for all properties in Welney.

7 THE ORCHARDS: Plot and Title Map

7 THE ORCHARDS sits on a plot of roughly 0.168 of an acre, or 679m². The below map shows the location of 7 THE ORCHARDS, 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 THE ORCHARDS). 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 THE ORCHARDS?

7 THE ORCHARDS is located on NEW ROAD in WELNEY, in the PE14 postcode district. The below map shows the position of 7 THE ORCHARDS on NEW ROAD.