PONDEROSA, HILL ROAD, MIDDLETON, KING'S LYNN, PE32 1RN - £172,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PONDEROSA is a very small extended detached house of 70m², built sometime between 1967 and 1975. It was last sold for £172,000 in March 2016, which was around 33% below the average March 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

PONDEROSA Sold Prices

Land registry data shows two sales for PONDEROSA 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 PONDEROSA 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
2016 4 MAR	£172,000	£255,469	33% below HPI
2009 26 MAR	£95,000	£188,420	50% below HPI

PONDEROSA 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 PONDEROSA sales from March 2009 and March 2016 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 March 2009 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is PONDEROSA?

PONDEROSA is 70m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of detached houses in Middleton, based on EPC data. The below chart shows the distribution of detached houses by size in Middleton, and where PONDEROSA lies on this distribution: 10% of detached houses are smaller than PONDEROSA, and 88% of houses are larger. Note that EPC data is not available for all properties in Middleton.

PONDEROSA: Plot and Title Map

PONDEROSA sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of PONDEROSA, 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 PONDEROSA). 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 PONDEROSA?

PONDEROSA is located on HILL ROAD in MIDDLETON, in the PE32 postcode district. The below map shows the position of PONDEROSA on HILL ROAD.