MAGPIES, SYERS LANE, BEESTON, KING'S LYNN, PE32 2NJ - £279,000

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.

MAGPIES is a very small extended detached house of 109m², built sometime between 1967 and 1975, which could now be worth an estimated £349,492. It was last sold for £279,000 in May 2020, which was around 6% below the average May 2020 detached price in the Breckland local authority area. The most recent EPC inspection was April 2019, where the current energy rating was F, and the potential energy rating was B.

MAGPIES Sold Prices

Land registry data shows two sales for MAGPIES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two MAGPIES 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
2020 22 MAY	£279,000	£295,715	6% below HPI
2019 31 MAY	£275,000	£294,933	7% below HPI

MAGPIES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two MAGPIES sales from May 2019 and May 2020 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 May 2019 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2020 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might MAGPIES be worth now?

MAGPIES might now be worth an estimated £349,492.

This is based on house price inflation of 25.3%, between May 2020 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.3% inflationary increase is applied to the most recent sale price for MAGPIES of £279,000 on 22nd May 2020. For the value to have increased from £279,000 to £349,492 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of MAGPIES has moved in line with the HPI for detached houses in the Breckland local authority area.
• The May 2020 sale price of £279,000 represented a fair market value for the property.
• The size, condition, and specification of MAGPIES has not materially changed since May 2020.

How Large is MAGPIES?

MAGPIES is 109m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses houses in Beeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Beeston, and where MAGPIES lies on this distribution: 16% of detached houses houses are smaller than MAGPIES, and 84% of houses are larger. Note that EPC data is not available for all properties in Beeston.

MAGPIES: Plot and Title Map

MAGPIES sits on a plot of roughly 0.601 of an acre, or 2,431m². The below map shows the location of MAGPIES, 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 MAGPIES). 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 MAGPIES?

MAGPIES is located on SYERS LANE in BEESTON, in the PE32 postcode district. The below map shows the position of MAGPIES on SYERS LANE.