2, MARGARETS CLOSE, HUNSTANTON, PE36 5NN - £235,000

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.

2 MARGARETS CLOSE is a large detached house of 125m², built sometime between 1983 and 1990, which could now be worth an estimated £393,151. It was last sold for £235,000 in July 2010, which was around 8% above the average July 2010 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

2 MARGARETS CLOSE Sold Prices

Land registry data shows two sales for 2 MARGARETS 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 2 MARGARETS CLOSE 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
2010 16 JUL	£235,000	£217,398	8% above HPI
2009 12 FEB	£205,000	£190,254	8% above HPI

2 MARGARETS 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 2 MARGARETS CLOSE sales from February 2009 and July 2010 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 February 2009 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2010 sale, which was also at 8% above the HPI.

What might 2 MARGARETS CLOSE be worth now?

2 MARGARETS CLOSE might now be worth an estimated £393,151.

This is based on house price inflation of 67.3%, between July 2010 and March 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 67.3% inflationary increase is applied to the most recent sale price for 2 MARGARETS CLOSE of £235,000 on 16th July 2010. For the value to have increased from £235,000 to £393,151 over the fifteen years and four months to March 2025, the following assumptions must hold true:

• The value of 2 MARGARETS CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2010 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARGARETS CLOSE has not materially changed since July 2010.

How Large is 2 MARGARETS CLOSE?

2 MARGARETS CLOSE is 125m² according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses houses in Hunstanton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hunstanton, and where 2 MARGARETS CLOSE lies on this distribution: 74% of detached houses houses are smaller than 2 MARGARETS CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Hunstanton.

2 MARGARETS CLOSE: Plot and Title Map

2 MARGARETS CLOSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 2 MARGARETS 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 2 MARGARETS 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 2 MARGARETS CLOSE?

2 MARGARETS CLOSE is located in HUNSTANTON, in the PE36 postcode district. The below map shows the position of No. 2 on MARGARETS CLOSE.