THREE WAYS, MAIN STREET, WELNEY, WISBECH, PE14 9RB - £175,000

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

THREE WAYS is a small extended detached house of 81m², built sometime between 1976 and 1982. It was last sold for £175,000 in May 2007, which was around 17% below the average May 2007 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

THREE WAYS Sold Prices

Land registry data shows three sales for THREE WAYS 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 THREE WAYS 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
2007 25 MAY	£175,000	£210,531	17% below HPI
1997 20 NOV	£57,000	£69,388	18% below HPI
1997 26 JUN	£52,000	£66,822	22% below HPI

THREE WAYS 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 THREE WAYS sales between June 1997 and May 2007 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 November 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2007 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THREE WAYS?

THREE WAYS is 81m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of detached houses in Welney, based on EPC data. The below chart shows the distribution of detached houses by size in Welney, and where THREE WAYS lies on this distribution: 25% of detached houses are smaller than THREE WAYS, and 75% of houses are larger. Note that EPC data is not available for all properties in Welney.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on MAIN STREET in WELNEY, in the PE14 postcode district. The below map shows the position of THREE WAYS on MAIN STREET.