1, CECIL CLOSE, WATLINGTON, KING'S LYNN, PE33 0JS - £360,000

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

1 CECIL CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £360,000 in December 2022, which was around 6% below the average December 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was B.

1 CECIL CLOSE Sold Prices

Land registry data shows three sales for 1 CECIL CLOSE 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 1 CECIL CLOSE 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 9 DEC	£360,000	£382,303	6% below HPI
2022 28 MAR	£235,000	£344,475	32% below HPI
1997 3 SEP	£55,000	£66,683	18% below HPI

1 CECIL CLOSE 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 1 CECIL CLOSE sales between September 1997 and December 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 March 2022 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 1 CECIL CLOSE?

1 CECIL CLOSE is 74m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses in Watlington, based on EPC data. The below chart shows the distribution of detached houses by size in Watlington, and where 1 CECIL CLOSE lies on this distribution: 18% of detached houses are smaller than 1 CECIL CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Watlington.

1 CECIL CLOSE: Plot and Title Map

1 CECIL CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 1 CECIL CLOSE, 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 1 CECIL CLOSE). 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 1 CECIL CLOSE?

1 CECIL CLOSE is located in WATLINGTON, in the PE33 postcode district. The below map shows the position of No. 1 on CECIL CLOSE.