SCHOOL HOUSE, MILL LANE, MARHAM, KING'S LYNN, PE33 9JB - £299,950

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.

SCHOOL HOUSE is a large detached house of 118m², built sometime between 1950 and 1966, which could now be worth an estimated £525,917. It was last sold for £299,950 in July 2012, which was around 43% above the average July 2012 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

SCHOOL HOUSE Sold Prices

Land registry data shows two sales for SCHOOL HOUSE 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 SCHOOL HOUSE 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
2012 16 JUL	£299,950	£209,154	43% above HPI
1997 17 SEP	£75,000	£68,525	9% above HPI

SCHOOL HOUSE 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 SCHOOL HOUSE sales from September 1997 and July 2012 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 September 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2012 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might SCHOOL HOUSE be worth now?

SCHOOL HOUSE might now be worth an estimated £525,917.

This is based on house price inflation of 75.3%, between July 2012 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 75.3% inflationary increase is applied to the most recent sale price for SCHOOL HOUSE of £299,950 on 16th July 2012. For the value to have increased from £299,950 to £525,917 over the thirteen years and five months to February 2025, the following assumptions must hold true:

• The value of SCHOOL HOUSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2012 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL HOUSE has not materially changed since July 2012.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 118m² according to the EPC inspection conducted in October 2011. This puts it in the largest 40% of detached houses houses in Marham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marham, and where SCHOOL HOUSE lies on this distribution: 63% of detached houses houses are smaller than SCHOOL HOUSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Marham.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.247 of an acre, or 998m². The below map shows the location of SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on MILL LANE in MARHAM, in the PE33 postcode district. The below map shows the position of SCHOOL HOUSE on MILL LANE.