MAJOTIKA, WINCH ROAD, GAYTON, KING'S LYNN, PE32 1QP - £230,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

MAJOTIKA is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £230,000 in December 2014, which was around 1% above the average December 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

MAJOTIKA Sold Prices

Land registry data shows two sales for MAJOTIKA 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 MAJOTIKA 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
2014 1 DEC	£230,000	£227,818	1% above HPI
2000 17 NOV	£95,000	£100,332	5% below HPI

MAJOTIKA 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 MAJOTIKA sales from November 2000 and December 2014 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 November 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2014 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is MAJOTIKA?

MAJOTIKA is 72m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses in Gayton, based on EPC data. The below chart shows the distribution of detached houses by size in Gayton, and where MAJOTIKA lies on this distribution: 20% of detached houses are smaller than MAJOTIKA, and 79% of houses are larger. Note that EPC data is not available for all properties in Gayton.

MAJOTIKA: Plot and Title Map

MAJOTIKA sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of MAJOTIKA, 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 MAJOTIKA). 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 MAJOTIKA?

MAJOTIKA is located on WINCH ROAD in GAYTON, in the PE32 postcode district. The below map shows the position of MAJOTIKA on WINCH ROAD.