THE COLNES, TAYMOR PLACE, WELNEY, WISBECH, PE14 9RD - £260,000

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 COLNES is a midsized extended detached house of 100m², built sometime between 1967 and 1975. It was last sold for £260,000 in August 2021, which was around 18% below the average August 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

THE COLNES Sold Prices

Land registry data shows four sales for THE COLNES 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 THE COLNES 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
2021 10 AUG	£260,000	£317,860	18% below HPI
2011 3 JUN	£182,000	£197,434	8% below HPI
2004 15 JUN	£157,500	£177,217	11% below HPI
2001 9 JUL	£75,000	£105,508	29% below HPI

THE COLNES 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 THE COLNES sales between July 2001 and August 2021 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 June 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE COLNES?

THE COLNES is 100m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Welney, based on EPC data. The below chart shows the distribution of detached houses by size in Welney, and where THE COLNES lies on this distribution: 51% of detached houses are smaller than THE COLNES, and 49% of houses are larger. Note that EPC data is not available for all properties in Welney.

THE COLNES: Plot and Title Map

THE COLNES sits on a plot of roughly 0.133 of an acre, or 539m². The below map shows the location of THE COLNES, 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 COLNES). 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 COLNES?

THE COLNES is located on TAYMOR PLACE in WELNEY, in the PE14 postcode district. The below map shows the position of THE COLNES on TAYMOR PLACE.