2, MILL LANE, GREAT MASSINGHAM, KING'S LYNN, PE32 2HT - £205,000

2 MILL LANE is a small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £205,000 in September 2015, which was around 17% below the average September 2015 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was D.

2 MILL LANE Sold Prices

Land registry data shows three sales for 2 MILL LANE 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 2 MILL LANE 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
2015 2 SEP	£205,000	£245,944	17% below HPI
2007 4 MAY	£195,000	£210,531	7% below HPI
2005 4 FEB	£134,000	£179,550	25% below HPI

2 MILL LANE 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 2 MILL LANE sales between February 2005 and September 2015 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2015 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 79m², which includes one extension, according to the EPC inspection conducted in November 2009. This puts it in the smallest 40% of detached houses in Great Massingham, based on EPC data. The below chart shows the distribution of detached houses by size in Great Massingham, and where 2 MILL LANE lies on this distribution: 32% of detached houses are smaller than 2 MILL LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Great Massingham.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 2 MILL LANE, 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 2 MILL LANE). 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 2 MILL LANE?

2 MILL LANE is located in GREAT MASSINGHAM, in the PE32 postcode district. The below map shows the position of No. 2 on MILL LANE.