THE OLD CHAPEL, MAIN STREET, WELNEY, WISBECH, PE14 9RB - £265,000

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 OLD CHAPEL is a very large extended detached house of 194m², built sometime before 1900. It was last sold for £265,000 in March 2023, which was around 28% below the average March 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was F, and the potential energy rating was C.

THE OLD CHAPEL Sold Prices

Land registry data shows three sales for THE OLD CHAPEL since 1^st January 1995. The below table shows the price paid for the three 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 three THE OLD CHAPEL 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
2023 24 MAR	£265,000	£366,939	28% below HPI
2007 31 MAY	£75,000	£210,531	64% below HPI
1998 15 MAY	£18,000	£71,749	75% below HPI

THE OLD CHAPEL 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 three THE OLD CHAPEL sales between May 1998 and March 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 May 2007 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the March 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is THE OLD CHAPEL?

THE OLD CHAPEL is 194m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 20% 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 OLD CHAPEL lies on this distribution: 83% of detached houses are smaller than THE OLD CHAPEL, and 15% of houses are larger. Note that EPC data is not available for all properties in Welney.

THE OLD CHAPEL: Plot and Title Map

THE OLD CHAPEL sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of THE OLD CHAPEL, 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 OLD CHAPEL). 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 OLD CHAPEL?

THE OLD CHAPEL is located on MAIN STREET in WELNEY, in the PE14 postcode district. The below map shows the position of THE OLD CHAPEL on MAIN STREET.