2, STUBBS CLOSE, DOWNHAM MARKET, PE38 9NH - £249,995

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 STUBBS CLOSE is a midsized extended detached house of 106m², built sometime between 2003 and 2006, which could now be worth an estimated £337,933. It was last sold for £249,995 in October 2016, which was around 8% below the average October 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

2 STUBBS CLOSE Sold Prices

Land registry data shows two sales for 2 STUBBS 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 STUBBS 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 14 OCT	£249,995	£271,291	8% below HPI
2003 30 OCT	£171,495	£172,561	1% below HPI

2 STUBBS 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 STUBBS CLOSE sales from October 2003 and October 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 October 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 STUBBS CLOSE be worth now?

2 STUBBS CLOSE might now be worth an estimated £337,933.

This is based on house price inflation of 35.2%, between October 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 35.2% inflationary increase is applied to the most recent sale price for 2 STUBBS CLOSE of £249,995 on 14th October 2016. For the value to have increased from £249,995 to £337,933 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 STUBBS CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The October 2016 sale price of £249,995 represented a fair market value for the property.
• The size, condition, and specification of 2 STUBBS CLOSE has not materially changed since October 2016.

How Large is 2 STUBBS CLOSE?

2 STUBBS CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 50% 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 STUBBS CLOSE lies on this distribution: 59% of detached houses houses are smaller than 2 STUBBS CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

2 STUBBS CLOSE: Plot and Title Map

2 STUBBS CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 2 STUBBS 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 STUBBS 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 STUBBS CLOSE?

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