SHERMAL, MARCH ROAD, WELNEY, WISBECH, PE14 9SA - £320,000

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

SHERMAL is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £320,000 in May 2023, which was around 10% below the average May 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

SHERMAL Sold Prices

Land registry data shows two sales for SHERMAL 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 SHERMAL 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
2023 22 MAY	£320,000	£356,629	10% below HPI
2011 18 NOV	£148,500	£201,728	26% below HPI

SHERMAL 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 SHERMAL sales from November 2011 and May 2023 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is SHERMAL?

SHERMAL is 75m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses in Welney, based on EPC data. The below chart shows the distribution of detached houses by size in Welney, and where SHERMAL lies on this distribution: 11% of detached houses are smaller than SHERMAL, and 89% of houses are larger. Note that EPC data is not available for all properties in Welney.

SHERMAL: Plot and Title Map

SHERMAL sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of SHERMAL, 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 SHERMAL). 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 SHERMAL?

SHERMAL is located on MARCH ROAD in WELNEY, in the PE14 postcode district. The below map shows the position of SHERMAL on MARCH ROAD.