THE LAURELS, GAYTON ROAD, EAST WINCH, KING'S LYNN, PE32 1NW - £225,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

THE LAURELS is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £225,000 in June 2019, which was around 23% below the average June 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS 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 LAURELS 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
2019 11 JUN	£225,000	£291,499	23% below HPI
1998 23 JUL	£72,500	£74,553	3% below HPI

THE LAURELS 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 LAURELS sales from July 1998 and June 2019 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 1998 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 83m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses in East Winch, based on EPC data. The below chart shows the distribution of detached houses by size in East Winch, and where THE LAURELS lies on this distribution: 16% of detached houses are smaller than THE LAURELS, and 83% of houses are larger. Note that EPC data is not available for all properties in East Winch.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on GAYTON ROAD in EAST WINCH, in the PE32 postcode district. The below map shows the position of THE LAURELS on GAYTON ROAD.