22, STONE CLOSE, WATLINGTON, KING'S LYNN, PE33 0TE - £255,000

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

22 STONE CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £260,310. It was last sold for £255,000 in May 2023, which was around 30% below the average May 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was B.

22 STONE CLOSE Sold Prices

Land registry data shows two sales for 22 STONE 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 22 STONE 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
2023 5 MAY	£255,000	£366,484	30% below HPI
2004 15 DEC	£148,000	£187,677	21% below HPI

22 STONE 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 22 STONE CLOSE sales from December 2004 and May 2023 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 December 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 22 STONE CLOSE be worth now?

22 STONE CLOSE might now be worth an estimated £260,310.

This is based on house price inflation of 2.1%, between May 2023 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 2.1% inflationary increase is applied to the most recent sale price for 22 STONE CLOSE of £255,000 on 5th May 2023. For the value to have increased from £255,000 to £260,310 over the five months to December 2024, the following assumptions must hold true:

• The value of 22 STONE CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2023 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 22 STONE CLOSE has not materially changed since May 2023.

How Large is 22 STONE CLOSE?

22 STONE CLOSE is 70m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% 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 22 STONE CLOSE lies on this distribution: 12% of detached houses houses are smaller than 22 STONE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Watlington.

22 STONE CLOSE: Plot and Title Map

22 STONE CLOSE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 22 STONE 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 22 STONE 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 22 STONE CLOSE?

22 STONE CLOSE is located in WATLINGTON, in the PE33 postcode district. The below map shows the position of No. 22 on STONE CLOSE.