18, LACEY CLOSE, WATLINGTON, KING'S LYNN, PE33 0TX - £225,000

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.

18 LACEY CLOSE is a small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £302,884. It was last sold for £225,000 in December 2016, which was around 17% below the average December 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

18 LACEY CLOSE Sold Prices

Land registry data shows four sales for 18 LACEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Most of the four 18 LACEY 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
2016 20 DEC	£225,000	£272,421	17% below HPI
2013 1 AUG	£182,500	£216,577	16% below HPI
2004 8 APR	£157,000	£172,717	9% below HPI
2001 16 FEB	£112,750	£100,960	12% above HPI

18 LACEY 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 four 18 LACEY CLOSE sales between February 2001 and December 2016 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 August 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 18 LACEY CLOSE be worth now?

18 LACEY CLOSE might now be worth an estimated £302,884.

This is based on house price inflation of 34.6%, between December 2016 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 34.6% inflationary increase is applied to the most recent sale price for 18 LACEY CLOSE of £225,000 on 20th December 2016. For the value to have increased from £225,000 to £302,884 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 18 LACEY CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LACEY CLOSE has not materially changed since December 2016.

How Large is 18 LACEY CLOSE?

18 LACEY CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses houses in Watlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watlington, and where 18 LACEY CLOSE lies on this distribution: 27% of detached houses houses are smaller than 18 LACEY CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Watlington.

18 LACEY CLOSE: Plot and Title Map

18 LACEY CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 18 LACEY 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 18 LACEY 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 18 LACEY CLOSE?

18 LACEY CLOSE is located in WATLINGTON, in the PE33 postcode district. The below map shows the position of No. 18 on LACEY CLOSE.