MYCROFT, BACK LANE, CASTLE ACRE, KING'S LYNN, PE32 2AR - £490,000

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

MYCROFT is a large detached house of 171m², built sometime between 1996 and 2002. It was last sold for £490,000 in January 2021, which was around 57% above the average January 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

MYCROFT Sold Prices

Land registry data shows two sales for MYCROFT 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 MYCROFT 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
2021 8 JAN	£490,000	£311,237	57% above HPI
2009 24 JUL	£400,000	£198,897	101% above HPI

MYCROFT 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 MYCROFT sales from July 2009 and January 2021 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 July 2009 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the January 2021 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is MYCROFT?

MYCROFT is 171m² according to the EPC inspection conducted in August 2020. This puts it in the largest 40% 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 MYCROFT lies on this distribution: 69% of detached houses are smaller than MYCROFT, and 31% of houses are larger. Note that EPC data is not available for all properties in Castle Acre.

MYCROFT: Plot and Title Map

MYCROFT sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of MYCROFT, 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 MYCROFT). 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 MYCROFT?

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