7, OWEN COLE CLOSE, GREAT MASSINGHAM, KING'S LYNN, PE32 2LF - £326,000

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.

7 OWEN COLE CLOSE is a midsized detached house of 115m², which could now be worth an estimated £417,373. It was last sold for £326,000 in May 2018, which was around 14% above the average May 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2011, where the current energy rating was B, and the potential energy rating was B.

7 OWEN COLE CLOSE Sold Prices

Land registry data shows two sales for 7 OWEN COLE 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 7 OWEN COLE CLOSE sales were for above 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
2018 11 MAY	£326,000	£286,436	14% above HPI
2011 21 DEC	£219,995	£213,256	3% above HPI

7 OWEN COLE 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 7 OWEN COLE CLOSE sales from December 2011 and May 2018 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 2011 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 7 OWEN COLE CLOSE be worth now?

7 OWEN COLE CLOSE might now be worth an estimated £417,373.

This is based on house price inflation of 28%, between May 2018 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 28% inflationary increase is applied to the most recent sale price for 7 OWEN COLE CLOSE of £326,000 on 11th May 2018. For the value to have increased from £326,000 to £417,373 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 7 OWEN COLE CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2018 sale price of £326,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OWEN COLE CLOSE has not materially changed since May 2018.

How Large is 7 OWEN COLE CLOSE?

7 OWEN COLE CLOSE is 115m² according to the EPC inspection conducted in February 2011. This puts it in the largest 40% of detached houses houses in Great Massingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Massingham, and where 7 OWEN COLE CLOSE lies on this distribution: 57% of detached houses houses are smaller than 7 OWEN COLE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Great Massingham.

7 OWEN COLE CLOSE: Plot and Title Map

7 OWEN COLE CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 7 OWEN COLE 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 7 OWEN COLE 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 7 OWEN COLE CLOSE?

7 OWEN COLE CLOSE is located in GREAT MASSINGHAM, in the PE32 postcode district. The below map shows the position of No. 7 on OWEN COLE CLOSE.