2, CHALK WAY, METHWOLD, THETFORD, IP26 4NU - £320,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CHALK WAY is a large detached house of 151m², built sometime between 2003 and 2006, which could now be worth an estimated £417,091. It was last sold for £320,000 in April 2018, which was around 11% above the average April 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

2 CHALK WAY Sold Prices

Land registry data shows two sales for 2 CHALK WAY 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 2 CHALK WAY sales were for above 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
2018 6 APR	£320,000	£287,028	11% above HPI
2005 1 SEP	£250,000	£201,349	24% above HPI

2 CHALK WAY 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 2 CHALK WAY sales from September 2005 and April 2018 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 2005 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the April 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 CHALK WAY be worth now?

2 CHALK WAY might now be worth an estimated £417,091.

This is based on house price inflation of 30.3%, between April 2018 and December 2024, 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 30.3% inflationary increase is applied to the most recent sale price for 2 CHALK WAY of £320,000 on 6th April 2018. For the value to have increased from £320,000 to £417,091 over the five years and four months to December 2024, the following assumptions must hold true:

• The value of 2 CHALK WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The April 2018 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHALK WAY has not materially changed since April 2018.

How Large is 2 CHALK WAY?

2 CHALK WAY is 151m² according to the EPC inspection conducted in January 2014. This puts it in the largest 40% of detached houses houses in Methwold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Methwold, and where 2 CHALK WAY lies on this distribution: 68% of detached houses houses are smaller than 2 CHALK WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Methwold.

2 CHALK WAY: Plot and Title Map

2 CHALK WAY sits on a plot of roughly 0.167 of an acre, or 675m². The below map shows the location of 2 CHALK WAY, 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 2 CHALK WAY). 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 2 CHALK WAY?

2 CHALK WAY is located in METHWOLD, in the IP26 postcode district. The below map shows the position of No. 2 on CHALK WAY.