THE BARN, LANGHORNS LANE, OUTWELL, WISBECH, PE14 8SG - £425,000

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

THE BARN is a very large detached house of 272m², built in 2022. It was last sold for £425,000 in April 2024, which was around 21% above the average April 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was B, and the potential energy rating was B.

THE BARN Sold Prices

Land registry data shows two sales for THE BARN 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 THE BARN sales was for above the average price, whilst the other was 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
2024 17 APR	£425,000	£350,159	21% above HPI
2021 2 JUL	£225,000	£315,090	29% below HPI

THE BARN 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 THE BARN sales from July 2021 and April 2024 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 July 2021 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2024 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is THE BARN?

THE BARN is 272m² according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where THE BARN lies on this distribution: 99% of detached houses are smaller than THE BARN, and 1% of houses are larger. Note that EPC data is not available for all properties in Outwell.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 4.7 acres, or 18,858m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on LANGHORNS LANE in OUTWELL, in the PE14 postcode district. The below map shows the position of THE BARN on LANGHORNS LANE.