9, CHESTNUT CLOSE, WATLINGTON, KING'S LYNN, PE33 0HX - £162,500

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.

9 CHESTNUT CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £265,985. It was last sold for £162,500 in May 2014, which was around 27% below the average May 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

9 CHESTNUT CLOSE Sold Prices

Land registry data shows four sales for 9 CHESTNUT 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 9 CHESTNUT 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
2014 30 MAY	£162,500	£224,043	27% below HPI
2012 21 FEB	£148,000	£206,415	28% below HPI
2007 14 MAY	£164,995	£216,348	24% below HPI
2004 16 APR	£134,000	£172,717	22% below HPI

9 CHESTNUT 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 9 CHESTNUT CLOSE sales between April 2004 and May 2014 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 February 2012 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2014 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 9 CHESTNUT CLOSE be worth now?

9 CHESTNUT CLOSE might now be worth an estimated £265,985.

This is based on house price inflation of 63.7%, between May 2014 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 63.7% inflationary increase is applied to the most recent sale price for 9 CHESTNUT CLOSE of £162,500 on 30th May 2014. For the value to have increased from £162,500 to £265,985 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 9 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2014 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 9 CHESTNUT CLOSE has not materially changed since May 2014.

How Large is 9 CHESTNUT CLOSE?

9 CHESTNUT CLOSE is 70m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% 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 9 CHESTNUT CLOSE lies on this distribution: 12% of detached houses houses are smaller than 9 CHESTNUT CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Watlington.

9 CHESTNUT CLOSE: Plot and Title Map

9 CHESTNUT CLOSE sits on a plot of roughly 0.128 of an acre, or 519m². The below map shows the location of 9 CHESTNUT 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 9 CHESTNUT 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 9 CHESTNUT CLOSE?

9 CHESTNUT CLOSE is located in WATLINGTON, in the PE33 postcode district. The below map shows the position of No. 9 on CHESTNUT CLOSE.