5, STONE CLOSE, WATLINGTON, KING'S LYNN, PE33 0TE - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 STONE CLOSE is a very small detached house of 57m², built sometime between 1967 and 1975. It was last sold for £175,000 in March 2021, which was around 45% below the average March 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

5 STONE CLOSE Sold Prices

Land registry data shows three sales for 5 STONE 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 5 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
2021 1 MAR	£175,000	£316,180	45% below HPI
2011 30 SEP	£98,000	£196,083	50% below HPI
2011 21 APR	£75,000	£198,672	62% below HPI

5 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 three 5 STONE CLOSE sales between April 2011 and March 2021 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 September 2011 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2021 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 5 STONE CLOSE?

5 STONE CLOSE is 57m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Watlington, based on EPC data. The below chart shows the distribution of detached houses by size in Watlington, and where 5 STONE CLOSE lies on this distribution: 2% of detached houses are smaller than 5 STONE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Watlington.

5 STONE CLOSE: Plot and Title Map

5 STONE CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 5 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 5 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 5 STONE CLOSE?

5 STONE CLOSE is located in WATLINGTON, in the PE33 postcode district. The below map shows the position of No. 5 on STONE CLOSE.