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

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

5 STONE CLOSE is a very small detached house of 57m², built sometime between 1967 and 1975, which could now be worth an estimated £201,498. It was last sold for £175,000 in March 2021, which was around 46% 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	£324,917	46% below HPI
2011 30 SEP	£98,000	£201,501	51% below HPI
2011 21 APR	£75,000	£204,162	63% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2021 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 5 STONE CLOSE be worth now?

5 STONE CLOSE might now be worth an estimated £201,498.

This is based on house price inflation of 15.1%, between March 2021 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 15.1% inflationary increase is applied to the most recent sale price for 5 STONE CLOSE of £175,000 on 1st March 2021. For the value to have increased from £175,000 to £201,498 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 5 STONE CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2021 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 5 STONE CLOSE has not materially changed since March 2021.

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 houses in Watlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watlington, and where 5 STONE CLOSE lies on this distribution: 2% of detached houses 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.