HOPE HOUSE, LANGHORNS LANE, OUTWELL, WISBECH, PE14 8SH - £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

HOPE HOUSE is a very large extended detached house of 195m², built sometime between 1900 and 1929. It was last sold for £235,000 in November 2007, which was around 8% above the average November 2007 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was G, and the potential energy rating was E.

HOPE HOUSE Sold Prices

Land registry data shows two sales for HOPE HOUSE 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 HOPE HOUSE sales was for above the average price, whilst the other was 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
2007 30 NOV	£235,000	£218,468	8% above HPI
1998 18 DEC	£71,000	£73,848	4% below HPI

HOPE HOUSE 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 HOPE HOUSE sales from December 1998 and November 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 December 1998 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2007 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is HOPE HOUSE?

HOPE HOUSE is 195m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 10% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where HOPE HOUSE lies on this distribution: 94% of detached houses are smaller than HOPE HOUSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Outwell.

HOPE HOUSE: Plot and Title Map

HOPE HOUSE sits on a plot of roughly 0.270 of an acre, or 1,092m². The below map shows the location of HOPE HOUSE, 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 HOPE HOUSE). 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 HOPE HOUSE?

HOPE HOUSE is located on LANGHORNS LANE in OUTWELL, in the PE14 postcode district. The below map shows the position of HOPE HOUSE on LANGHORNS LANE.