SPINNEY HOUSE, LYNN ROAD, SETCHEY, KING'S LYNN, PE33 0BD - £205,000

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.

SPINNEY HOUSE is a midsized detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £335,550. It was last sold for £205,000 in May 2014, which was around 8% below the average May 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

SPINNEY HOUSE Sold Prices

Land registry data shows two sales for SPINNEY 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. One of the two SPINNEY HOUSE sales was for below the average price, whilst the other was 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
2014 23 MAY	£205,000	£224,043	8% below HPI
1998 27 AUG	£125,000	£77,078	62% above HPI

SPINNEY 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 SPINNEY HOUSE sales from August 1998 and May 2014 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 August 1998 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the May 2014 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might SPINNEY HOUSE be worth now?

SPINNEY HOUSE might now be worth an estimated £335,550.

This is based on house price inflation of 63.7%, between May 2014 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 63.7% inflationary increase is applied to the most recent sale price for SPINNEY HOUSE of £205,000 on 23rd May 2014. For the value to have increased from £205,000 to £335,550 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of SPINNEY HOUSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2014 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of SPINNEY HOUSE has not materially changed since May 2014.

How Large is SPINNEY HOUSE?

SPINNEY HOUSE is 146m² according to the EPC inspection conducted in November 2013. This puts it in the largest 50% of detached houses houses in Setchey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Setchey, and where SPINNEY HOUSE lies on this distribution: 52% of detached houses houses are smaller than SPINNEY HOUSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Setchey.

SPINNEY HOUSE: Plot and Title Map

SPINNEY HOUSE sits on a plot of roughly 0.216 of an acre, or 874m². The below map shows the location of SPINNEY 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 SPINNEY 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 SPINNEY HOUSE?

SPINNEY HOUSE is located on LYNN ROAD in SETCHEY, in the PE33 postcode district. The below map shows the position of SPINNEY HOUSE on LYNN ROAD.