THE OLD OBSERVATORY, SANDY LANE, DOCKING, KING'S LYNN, PE31 8NF - £875,000

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 OLD OBSERVATORY is a small extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £875,000 in April 2017, which was around 224% above the average April 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2014, where the current energy rating was F, and the potential energy rating was B.

THE OLD OBSERVATORY Sold Prices

Land registry data shows three sales for THE OLD OBSERVATORY 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 OBSERVATORY 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
2017 28 APR	£875,000	£270,154	224% above HPI
2015 26 JAN	£365,000	£229,105	59% above HPI
1999 23 APR	£127,000	£75,180	69% above HPI

THE OLD OBSERVATORY 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 OBSERVATORY sales between April 1999 and April 2017 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 January 2015 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the April 2017 sale, where it rises to 224% above the HPI. The line then continues to track at 224% above the HPI.

How Large is THE OLD OBSERVATORY?

THE OLD OBSERVATORY is 116m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses in Docking, based on EPC data. The below chart shows the distribution of detached houses by size in Docking, and where THE OLD OBSERVATORY lies on this distribution: 25% of detached houses are smaller than THE OLD OBSERVATORY, and 73% of houses are larger. Note that EPC data is not available for all properties in Docking.

THE OLD OBSERVATORY: Plot and Title Map

THE OLD OBSERVATORY sits on a plot of roughly 0.368 of an acre, or 1,490m². The below map shows the location of THE OLD OBSERVATORY, 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 OBSERVATORY). 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 OBSERVATORY?

THE OLD OBSERVATORY is located on SANDY LANE in DOCKING, in the PE31 postcode district. The below map shows the position of THE OLD OBSERVATORY on SANDY LANE.