2, SHELLEY CLOSE, DOWNHAM MARKET, PE38 9QR - £250,000

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 SHELLEY CLOSE is a small extended detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £258,735. It was last sold for £250,000 in February 2022, which was around 29% below the average February 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

2 SHELLEY CLOSE Sold Prices

Land registry data shows three sales for 2 SHELLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three 2 SHELLEY 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
2022 1 FEB	£250,000	£354,339	29% below HPI
2002 29 MAY	£98,000	£125,386	22% below HPI
2001 13 JUL	£89,950	£108,424	17% below HPI

2 SHELLEY 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 three 2 SHELLEY CLOSE sales between July 2001 and February 2022 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 May 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 SHELLEY CLOSE be worth now?

2 SHELLEY CLOSE might now be worth an estimated £258,735.

This is based on house price inflation of 3.5%, between February 2022 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 3.5% inflationary increase is applied to the most recent sale price for 2 SHELLEY CLOSE of £250,000 on 1st February 2022. For the value to have increased from £250,000 to £258,735 over the three years to February 2025, the following assumptions must hold true:

• The value of 2 SHELLEY CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SHELLEY CLOSE has not materially changed since February 2022.

How Large is 2 SHELLEY CLOSE?

2 SHELLEY CLOSE is 74m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the smallest 30% of detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 2 SHELLEY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 2 SHELLEY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

2 SHELLEY CLOSE: Plot and Title Map

2 SHELLEY CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 2 SHELLEY 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 SHELLEY 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 SHELLEY CLOSE?

2 SHELLEY CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 2 on SHELLEY CLOSE.