CHERRY TREES, BASIN ROAD, OUTWELL, WISBECH, PE14 8TQ - £150,000

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

CHERRY TREES is a large detached house of 120m², built sometime between 1996 and 2002. It was last sold for £150,000 in October 2007, which was around 32% below the average October 2007 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES since 1^st January 1995. The below table shows the price paid for the two 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 two CHERRY TREES sales was for below the average price, whilst the other was for above 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
2007 31 OCT	£150,000	£220,309	32% below HPI
1995 27 OCT	£59,000	£57,649	2% above HPI

CHERRY TREES 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 two CHERRY TREES sales from October 1995 and October 2007 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 October 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2007 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 120m² according to the EPC inspection conducted in November 2011. This puts it in the largest 40% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where CHERRY TREES lies on this distribution: 63% of detached houses are smaller than CHERRY TREES, and 37% of houses are larger. Note that EPC data is not available for all properties in Outwell.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on BASIN ROAD in OUTWELL, in the PE14 postcode district. The below map shows the position of CHERRY TREES on BASIN ROAD.