11, RACEYS CLOSE, EMNETH, WISBECH, PE14 8BT - £278,000

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.

11 RACEYS CLOSE is a large extended detached house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £341,727. It was last sold for £278,000 in February 2020, which was around 7% below the average February 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

11 RACEYS CLOSE Sold Prices

Land registry data shows two sales for 11 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 11 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
2020 14 FEB	£278,000	£298,332	7% below HPI
2000 24 NOV	£20,000	£103,104	81% below HPI

11 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 11 RACEYS CLOSE sales from November 2000 and February 2020 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 November 2000 sale was for 81% below the HPI. So the extrapolation line tracks at 81% below the HPI over time, until the February 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 11 RACEYS CLOSE be worth now?

11 RACEYS CLOSE might now be worth an estimated £341,727.

This is based on house price inflation of 22.9%, between February 2020 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 22.9% inflationary increase is applied to the most recent sale price for 11 RACEYS CLOSE of £278,000 on 14th February 2020. For the value to have increased from £278,000 to £341,727 over the five years to February 2025, the following assumptions must hold true:

• The value of 11 RACEYS CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2020 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 11 RACEYS CLOSE has not materially changed since February 2020.

How Large is 11 RACEYS CLOSE?

11 RACEYS CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 11 RACEYS CLOSE lies on this distribution: 78% of detached houses houses are smaller than 11 RACEYS CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Emneth.

11 RACEYS CLOSE: Plot and Title Map

11 RACEYS CLOSE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 11 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 11 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 11 RACEYS CLOSE?

11 RACEYS CLOSE is located in EMNETH, in the PE14 postcode district. The below map shows the position of No. 11 on RACEYS CLOSE.