4, SPELMAN WAY, NARBOROUGH, KING'S LYNN, PE32 1WH - £227,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 SPELMAN WAY is a small semi-detached house of 71m², which could now be worth an estimated £237,487. It was last sold for £227,500 in March 2022, which was around 2% below the average March 2022 semi-detached price in the Breckland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was B.

4 SPELMAN WAY Sold Prices

Land registry data shows two sales for 4 SPELMAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. Both of the two 4 SPELMAN WAY 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
2022 10 MAR	£227,500	£232,226	2% below HPI
2017 22 SEP	£180,995	£188,399	4% below HPI

4 SPELMAN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Breckland local authority area over time, sourced from the HPI. The two 4 SPELMAN WAY sales from September 2017 and March 2022 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 September 2017 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 4 SPELMAN WAY be worth now?

4 SPELMAN WAY might now be worth an estimated £237,487.

This is based on house price inflation of 4.4%, between March 2022 and June 2025, for semi-detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.4% inflationary increase is applied to the most recent sale price for 4 SPELMAN WAY of £227,500 on 10th March 2022. For the value to have increased from £227,500 to £237,487 over the two years and nine months to June 2025, the following assumptions must hold true:

• The value of 4 SPELMAN WAY has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The March 2022 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 4 SPELMAN WAY has not materially changed since March 2022.

How Large is 4 SPELMAN WAY?

4 SPELMAN WAY is 71m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 30% of semi-detached houses houses in Narborough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Narborough, and where 4 SPELMAN WAY lies on this distribution: 25% of semi-detached houses houses are smaller than 4 SPELMAN WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Narborough.

4 SPELMAN WAY: Plot and Title Map

4 SPELMAN WAY sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 4 SPELMAN WAY, 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 4 SPELMAN WAY). 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 4 SPELMAN WAY?

4 SPELMAN WAY is located in NARBOROUGH, in the PE32 postcode district. The below map shows the position of No. 4 on SPELMAN WAY.