7, LANCASTER CLOSE, METHWOLD, THETFORD, IP26 4NZ - £225,000

7 LANCASTER CLOSE is a very small extended detached house of 92m², built sometime between 1967 and 1975. It was last sold for £225,000 in March 2021, which was around 29% below the average March 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

7 LANCASTER CLOSE Sold Prices

Land registry data shows four sales for 7 LANCASTER 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 7 LANCASTER 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
2021 12 MAR	£225,000	£316,180	29% below HPI
2010 9 JUL	£130,000	£211,553	39% below HPI
2001 4 MAY	£85,000	£99,510	15% below HPI
1997 11 DEC	£66,000	£70,343	6% below HPI

7 LANCASTER 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 7 LANCASTER CLOSE sales between December 1997 and March 2021 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 2010 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 LANCASTER CLOSE?

7 LANCASTER CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses in Methwold, based on EPC data. The below chart shows the distribution of detached houses by size in Methwold, and where 7 LANCASTER CLOSE lies on this distribution: 17% of detached houses are smaller than 7 LANCASTER CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Methwold.

7 LANCASTER CLOSE: Plot and Title Map

7 LANCASTER CLOSE sits on a plot of roughly 40.5 acres, or 163,997m². The below map shows the location of 7 LANCASTER 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 LANCASTER 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 LANCASTER CLOSE?

7 LANCASTER CLOSE is located in METHWOLD, in the IP26 postcode district. The below map shows the position of No. 7 on LANCASTER CLOSE.