2, MILLGATE STREET, METHWOLD, THETFORD, IP26 4NY - £242,500

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.

2 MILLGATE STREET is a very small terraced house of 83m², built sometime before 1900, which could now be worth an estimated £232,384. It was last sold for £242,500 in December 2024, which was around 19% above the average December 2024 terraced price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was B.

2 MILLGATE STREET Sold Prices

Land registry data shows two sales for 2 MILLGATE STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 2 MILLGATE STREET 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
2024 13 DEC	£242,500	£203,812	19% above HPI
1999 19 MAR	£52,750	£37,718	40% above HPI

2 MILLGATE STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The two 2 MILLGATE STREET sales from March 1999 and December 2024 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 March 1999 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2024 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 2 MILLGATE STREET be worth now?

2 MILLGATE STREET might now be worth an estimated £232,384.

This is based on house price deflation of 4.2%, between December 2024 and May 2026, for terraced 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 4.2% deflationary decrease is applied to the most recent sale price for 2 MILLGATE STREET of £242,500 on 13th December 2024. For the value to have decreased from £242,500 to £232,384 over the two years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 MILLGATE STREET has moved in line with the HPI for terraced houses in the King's Lynn and West Norfolk local authority area.
• The December 2024 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLGATE STREET has not materially changed since December 2024.

How Large is 2 MILLGATE STREET?

2 MILLGATE STREET is 83m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of terraced houses houses in Methwold, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Methwold, and where 2 MILLGATE STREET lies on this distribution: 14% of terraced houses houses are smaller than 2 MILLGATE STREET, and 85% of houses are larger. Note that EPC data is not available for all properties in Methwold.

2 MILLGATE STREET: Plot and Title Map

2 MILLGATE STREET sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 MILLGATE STREET, 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 MILLGATE STREET). 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 MILLGATE STREET?

2 MILLGATE STREET is located in METHWOLD, in the IP26 postcode district. The below map shows the position of No. 2 on MILLGATE STREET.