7, GARAGE LANE, SETCHEY, KING'S LYNN, PE33 0BE - £107,000

7 GARAGE LANE is a small extended detached house of 95m², built sometime between 1950 and 1966. It was last sold for £107,000 in April 2014, which was around 50% below the average April 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was E, and the potential energy rating was B.

7 GARAGE LANE Sold Prices

Land registry data shows three sales for 7 GARAGE 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 7 GARAGE 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
2014 25 APR	£107,000	£214,914	50% below HPI
2009 19 JAN	£61,000	£190,698	68% below HPI
2008 26 MAR	£134,000	£216,664	38% below HPI

7 GARAGE 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 7 GARAGE LANE sales between March 2008 and April 2014 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 2009 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the April 2014 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 7 GARAGE LANE?

7 GARAGE LANE is 95m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses in Setchey, based on EPC data. The below chart shows the distribution of detached houses by size in Setchey, and where 7 GARAGE LANE lies on this distribution: 20% of detached houses are smaller than 7 GARAGE LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Setchey.

7 GARAGE LANE: Plot and Title Map

7 GARAGE LANE sits on a plot of roughly 0.226 of an acre, or 915m². The below map shows the location of 7 GARAGE 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 7 GARAGE 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 7 GARAGE LANE?

7 GARAGE LANE is located in SETCHEY, in the PE33 postcode district. The below map shows the position of No. 7 on GARAGE LANE.