THE OLD STABLE, ELDER LANE, GRIMSTON, KING'S LYNN, PE32 1BJ - £575,000

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 STABLE is a very large extended detached house of 195m², built sometime before 1900. It was last sold for £575,000 in August 2021, which was around 81% above the average August 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was F, and the potential energy rating was D.

THE OLD STABLE Sold Prices

Land registry data shows three sales for THE OLD STABLE 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 STABLE 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
2021 10 AUG	£575,000	£317,860	81% above HPI
2010 31 AUG	£385,000	£206,874	86% above HPI
2001 25 OCT	£250,000	£113,336	121% above HPI

THE OLD STABLE 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 STABLE sales between October 2001 and August 2021 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 August 2010 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the August 2021 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is THE OLD STABLE?

THE OLD STABLE is 195m², which includes four extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 10% of detached houses in Grimston, based on EPC data. The below chart shows the distribution of detached houses by size in Grimston, and where THE OLD STABLE lies on this distribution: 90% of detached houses are smaller than THE OLD STABLE, and 10% of houses are larger. Note that EPC data is not available for all properties in Grimston.

THE OLD STABLE: Plot and Title Map

THE OLD STABLE sits on a plot of roughly 0.176 of an acre, or 714m². The below map shows the location of THE OLD STABLE, 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 STABLE). 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 STABLE?

THE OLD STABLE is located on ELDER LANE in GRIMSTON, in the PE32 postcode district. The below map shows the position of THE OLD STABLE on ELDER LANE.