4, MARGARETS CLOSE, HUNSTANTON, PE36 5NN - £264,000

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.

4 MARGARETS CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £256,985. It was last sold for £264,000 in November 2024, which was around 30% below the average November 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

4 MARGARETS CLOSE Sold Prices

Land registry data shows four sales for 4 MARGARETS CLOSE since 1^st January 1995. The below table shows the price paid for the four 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 four 4 MARGARETS 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
2024 18 NOV	£264,000	£376,731	30% below HPI
2004 13 OCT	£177,500	£191,803	7% below HPI
2001 2 JAN	£87,000	£101,827	15% below HPI
1996 30 SEP	£58,000	£65,553	12% below HPI

4 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 four 4 MARGARETS CLOSE sales between September 1996 and November 2024 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 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2024 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 4 MARGARETS CLOSE be worth now?

4 MARGARETS CLOSE might now be worth an estimated £256,985.

This is based on house price deflation of 2.7%, between November 2024 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 2.7% deflationary decrease is applied to the most recent sale price for 4 MARGARETS CLOSE of £264,000 on 18th November 2024. For the value to have decreased from £264,000 to £256,985 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 4 MARGARETS CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The November 2024 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MARGARETS CLOSE has not materially changed since November 2024.

How Large is 4 MARGARETS CLOSE?

4 MARGARETS CLOSE is 62m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% 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 4 MARGARETS CLOSE lies on this distribution: 7% of detached houses houses are smaller than 4 MARGARETS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Hunstanton.

4 MARGARETS CLOSE: Plot and Title Map

4 MARGARETS CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 4 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 4 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 4 MARGARETS CLOSE?

4 MARGARETS CLOSE is located in HUNSTANTON, in the PE36 postcode district. The below map shows the position of No. 4 on MARGARETS CLOSE.