7, PARK LANE, WYMONDHAM, NR18 9BE - £235,000

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.

7 PARK LANE is a small extended detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £415,824. It was last sold for £235,000 in May 2013, which was around 5% below the average May 2013 detached price in the South Norfolk local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

7 PARK LANE Sold Prices

Land registry data shows three sales for 7 PARK 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 South Norfolk local authority area for the corresponding sale date. All of the three 7 PARK 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
2013 31 MAY	£235,000	£246,225	5% below HPI
2011 21 JAN	£180,000	£244,338	26% below HPI
2004 12 FEB	£115,000	£199,580	42% below HPI

7 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 7 PARK LANE sales between February 2004 and May 2013 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 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2013 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 PARK LANE be worth now?

7 PARK LANE might now be worth an estimated £415,824.

This is based on house price inflation of 76.9%, between May 2013 and October 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.9% inflationary increase is applied to the most recent sale price for 7 PARK LANE of £235,000 on 31st May 2013. For the value to have increased from £235,000 to £415,824 over the eleven years and seven months to October 2025, the following assumptions must hold true:

• The value of 7 PARK LANE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2013 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARK LANE has not materially changed since May 2013.

How Large is 7 PARK LANE?

7 PARK LANE is 87m², which includes one extension, according to the EPC inspection conducted in December 2011. This puts it in the smallest 30% of detached houses houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wymondham, and where 7 PARK LANE lies on this distribution: 26% of detached houses houses are smaller than 7 PARK LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

7 PARK LANE: Plot and Title Map

7 PARK LANE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 7 PARK 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 PARK 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 PARK LANE?

7 PARK LANE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 7 on PARK LANE.