MERANDER, STATION ROAD, WEST DEREHAM, KING'S LYNN, PE33 9RR - £320,000

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.

MERANDER is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £300,838. It was last sold for £320,000 in October 2022, which was around 18% below the average October 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was F, and the potential energy rating was C.

MERANDER Sold Prices

Land registry data shows two sales for MERANDER 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. Both of the two MERANDER 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
2022 31 OCT	£320,000	£390,078	18% below HPI
2021 12 FEB	£243,500	£321,932	24% below HPI

MERANDER 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 MERANDER sales from February 2021 and October 2022 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 February 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might MERANDER be worth now?

MERANDER might now be worth an estimated £300,838.

This is based on house price deflation of 6%, between October 2022 and February 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% deflationary decrease is applied to the most recent sale price for MERANDER of £320,000 on 31st October 2022. For the value to have decreased from £320,000 to £300,838 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of MERANDER has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The October 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of MERANDER has not materially changed since October 2022.

How Large is MERANDER?

MERANDER is 79m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses houses in West Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Dereham, and where MERANDER lies on this distribution: 6% of detached houses houses are smaller than MERANDER, and 94% of houses are larger. Note that EPC data is not available for all properties in West Dereham.

MERANDER: Plot and Title Map

MERANDER sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of MERANDER, 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 MERANDER). 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 MERANDER?

MERANDER is located on STATION ROAD in WEST DEREHAM, in the PE33 postcode district. The below map shows the position of MERANDER on STATION ROAD.