6, MARGARETS CLOSE, HUNSTANTON, PE36 5NN - £225,000

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

6 MARGARETS CLOSE is a very small detached house of 60m², built sometime between 1976 and 1982. It was last sold for £225,000 in September 2016, which was around 13% below the average September 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

6 MARGARETS CLOSE Sold Prices

Land registry data shows two sales for 6 MARGARETS 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 6 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
2016 30 SEP	£225,000	£257,512	13% below HPI
1998 14 DEC	£68,000	£73,848	8% below HPI

6 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 two 6 MARGARETS CLOSE sales from December 1998 and September 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 December 1998 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 6 MARGARETS CLOSE?

6 MARGARETS CLOSE is 60m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses in Hunstanton, based on EPC data. The below chart shows the distribution of detached houses by size in Hunstanton, and where 6 MARGARETS CLOSE lies on this distribution: 4% of detached houses are smaller than 6 MARGARETS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Hunstanton.

6 MARGARETS CLOSE: Plot and Title Map

6 MARGARETS CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 6 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 6 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 6 MARGARETS CLOSE?

6 MARGARETS CLOSE is located in HUNSTANTON, in the PE36 postcode district. The below map shows the position of No. 6 on MARGARETS CLOSE.