1, RACEYS CLOSE, EMNETH, WISBECH, PE14 8BT - £230,000

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.

1 RACEYS CLOSE is a midsized detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £255,069. It was last sold for £230,000 in June 2021, which was around 30% below the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

1 RACEYS CLOSE Sold Prices

Land registry data shows two sales for 1 RACEYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 1 RACEYS 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
2021 29 JUN	£230,000	£330,677	30% below HPI
2000 19 SEP	£87,950	£98,623	11% below HPI

1 RACEYS 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 two 1 RACEYS CLOSE sales from September 2000 and June 2021 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 2000 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 RACEYS CLOSE be worth now?

1 RACEYS CLOSE might now be worth an estimated £255,069.

This is based on house price inflation of 10.9%, between June 2021 and February 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 1 RACEYS CLOSE of £230,000 on 29th June 2021. For the value to have increased from £230,000 to £255,069 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 RACEYS CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2021 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RACEYS CLOSE has not materially changed since June 2021.

How Large is 1 RACEYS CLOSE?

1 RACEYS CLOSE is 105m² according to the EPC inspection conducted in March 2020. This puts it in the largest 50% of detached houses houses in Emneth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Emneth, and where 1 RACEYS CLOSE lies on this distribution: 50% of detached houses houses are smaller than 1 RACEYS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Emneth.

1 RACEYS CLOSE: Plot and Title Map

1 RACEYS CLOSE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 1 RACEYS 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 RACEYS 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 RACEYS CLOSE?

1 RACEYS CLOSE is located in EMNETH, in the PE14 postcode district. The below map shows the position of No. 1 on RACEYS CLOSE.