RED STEP, SCHOOL ROAD, MIDDLETON, KING'S LYNN, PE32 1SA - £424,000

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

RED STEP is a very large detached house of 181m², built sometime between 1976 and 1982. It was last sold for £424,000 in November 2022, which was around 12% above the average November 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

RED STEP Sold Prices

Land registry data shows four sales for RED STEP since 1^st January 1995. The below table shows the price paid for the four 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 four RED STEP 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
2022 16 NOV	£424,000	£378,645	12% above HPI
2011 18 NOV	£290,000	£201,728	44% above HPI
2007 27 APR	£317,500	£207,487	53% above HPI
2002 20 DEC	£179,995	£145,148	24% above HPI

RED STEP 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 four RED STEP sales between December 2002 and November 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 November 2011 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the November 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is RED STEP?

RED STEP is 181m² according to the EPC inspection conducted in November 2021. This puts it in the largest 20% of detached houses in Middleton, based on EPC data. The below chart shows the distribution of detached houses by size in Middleton, and where RED STEP lies on this distribution: 83% of detached houses are smaller than RED STEP, and 17% of houses are larger. Note that EPC data is not available for all properties in Middleton.

RED STEP: Plot and Title Map

RED STEP sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of RED STEP, 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 RED STEP). 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 RED STEP?

RED STEP is located on SCHOOL ROAD in MIDDLETON, in the PE32 postcode district. The below map shows the position of RED STEP on SCHOOL ROAD.