MERLIN, PYES LANE, CASTLE ACRE, KING'S LYNN, PE32 2XB - £380,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MERLIN is a very small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £380,000 in May 2011, which was around 93% above the average May 2011 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was D.

MERLIN Sold Prices

Land registry data shows three sales for MERLIN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three MERLIN sales were 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
2011 6 MAY	£380,000	£197,115	93% above HPI
2010 25 AUG	£360,000	£206,874	74% above HPI
2006 5 OCT	£245,000	£209,422	17% above HPI

MERLIN 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 three MERLIN sales between October 2006 and May 2011 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 August 2010 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the May 2011 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is MERLIN?

MERLIN is 80m², which includes two extensions, according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in Castle Acre, based on EPC data. The below chart shows the distribution of detached houses by size in Castle Acre, and where MERLIN lies on this distribution: 10% of detached houses are smaller than MERLIN, and 90% of houses are larger. Note that EPC data is not available for all properties in Castle Acre.

MERLIN: Plot and Title Map

MERLIN sits on a plot of roughly 0.346 of an acre, or 1,402m². The below map shows the location of MERLIN, 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 MERLIN). 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 MERLIN?

MERLIN is located on PYES LANE in CASTLE ACRE, in the PE32 postcode district. The below map shows the position of MERLIN on PYES LANE.