THE HIVE, MAIN ROAD, BRANCASTER STAITHE, KING'S LYNN, PE31 8BX - £930,000

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.

THE HIVE is a large extended detached house of 171m², built sometime before 1900, which could now be worth an estimated £920,114. It was last sold for £930,000 in July 2022, which was around 151% above the average July 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was F, and the potential energy rating was C.

THE HIVE Sold Prices

Land registry data shows two sales for THE HIVE 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 THE HIVE 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
2022 11 JUL	£930,000	£370,660	151% above HPI
2003 14 NOV	£386,000	£167,193	131% above HPI

THE HIVE 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 HIVE sales from November 2003 and July 2022 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 2003 sale was for 131% above the HPI. So the extrapolation line tracks at 131% above the HPI over time, until the July 2022 sale, where it rises to 151% above the HPI. The line then continues to track at 151% above the HPI.

What might THE HIVE be worth now?

THE HIVE might now be worth an estimated £920,114.

This is based on house price deflation of 1.1%, between July 2022 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 1.1% deflationary decrease is applied to the most recent sale price for THE HIVE of £930,000 on 11th July 2022. For the value to have decreased from £930,000 to £920,114 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of THE HIVE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2022 sale price of £930,000 represented a fair market value for the property.
• The size, condition, and specification of THE HIVE has not materially changed since July 2022.

How Large is THE HIVE?

THE HIVE is 171m², which includes three extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 40% of detached houses houses in Brancaster Staithe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brancaster Staithe, and where THE HIVE lies on this distribution: 61% of detached houses houses are smaller than THE HIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Brancaster Staithe.

THE HIVE: Plot and Title Map

THE HIVE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of THE HIVE, 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 HIVE). 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 HIVE?

THE HIVE is located on MAIN ROAD in BRANCASTER STAITHE, in the PE31 postcode district. The below map shows the position of THE HIVE on MAIN ROAD.