2, IVY CLOSE, SETCHEY, KING'S LYNN, PE33 0BF - £274,000

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.

2 IVY CLOSE is a midsized detached house of 139m², built sometime between 2007 and 2011, which could now be worth an estimated £314,235. It was last sold for £274,000 in September 2020, which was around 12% below the average September 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

2 IVY CLOSE Sold Prices

Land registry data shows two sales for 2 IVY 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 2 IVY 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
2020 25 SEP	£274,000	£310,863	12% below HPI
2014 18 JUL	£207,000	£229,999	10% below HPI

2 IVY 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 2 IVY CLOSE sales from July 2014 and September 2020 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 July 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 IVY CLOSE be worth now?

2 IVY CLOSE might now be worth an estimated £314,235.

This is based on house price inflation of 14.7%, between September 2020 and April 2026, 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 14.7% inflationary increase is applied to the most recent sale price for 2 IVY CLOSE of £274,000 on 25th September 2020. For the value to have increased from £274,000 to £314,235 over the six years and five months to April 2026, the following assumptions must hold true:

• The value of 2 IVY CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The September 2020 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 2 IVY CLOSE has not materially changed since September 2020.

How Large is 2 IVY CLOSE?

2 IVY CLOSE is 139m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Setchey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Setchey, and where 2 IVY CLOSE lies on this distribution: 46% of detached houses houses are smaller than 2 IVY CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Setchey.

2 IVY CLOSE: Plot and Title Map

2 IVY CLOSE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 2 IVY 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 2 IVY 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 2 IVY CLOSE?

2 IVY CLOSE is located in SETCHEY, in the PE33 postcode district. The below map shows the position of No. 2 on IVY CLOSE.