THE LODGE, WHITE ROAD, METHWOLD, THETFORD, IP26 4PA - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE LODGE is a large detached house of 148m², built sometime between 1991 and 1995. It was last sold for £375,000 in June 2023, which was around 3% above the average June 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows five sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. The five THE LODGE sales were a mix of above the average price, and roughly equal to 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
2023 30 JUN	£375,000	£363,024	3% above HPI
2016 29 APR	£269,950	£252,461	7% above HPI
2014 4 AUG	£239,950	£224,071	7% above HPI
2007 23 OCT	£230,000	£220,309	4% above HPI
2004 2 JUL	£185,000	£184,385	Close to HPI

THE LODGE 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 five THE LODGE sales between July 2004 and June 2023 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 April 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2023 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is THE LODGE?

THE LODGE is 148m² according to the EPC inspection conducted in March 2014. This puts it in the largest 40% of detached houses in Methwold, based on EPC data. The below chart shows the distribution of detached houses by size in Methwold, and where THE LODGE lies on this distribution: 63% of detached houses are smaller than THE LODGE, and 37% of houses are larger. Note that EPC data is not available for all properties in Methwold.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 40.5 acres, or 163,997m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on WHITE ROAD in METHWOLD, in the IP26 postcode district. The below map shows the position of THE LODGE on WHITE ROAD.