7, MARGARETS CLOSE, HUNSTANTON, PE36 5NN - £235,000

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 MARGARETS CLOSE is a very small semi-detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £242,501. It was last sold for £235,000 in May 2022, which was around 1% below the average May 2022 semi-detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

7 MARGARETS CLOSE Sold Prices

Land registry data shows three sales for 7 MARGARETS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. One of the three 7 MARGARETS CLOSE sales was for below the average price, whilst two 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
2022 13 MAY	£235,000	£236,901	1% below HPI
2011 26 AUG	£142,000	£135,170	5% above HPI
2006 6 JUL	£149,000	£138,860	7% above HPI

7 MARGARETS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three 7 MARGARETS CLOSE sales between July 2006 and May 2022 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 August 2011 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 7 MARGARETS CLOSE be worth now?

7 MARGARETS CLOSE might now be worth an estimated £242,501.

This is based on house price inflation of 3.2%, between May 2022 and February 2025, for semi-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 3.2% inflationary increase is applied to the most recent sale price for 7 MARGARETS CLOSE of £235,000 on 13th May 2022. For the value to have increased from £235,000 to £242,501 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 7 MARGARETS CLOSE has moved in line with the HPI for semi-detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MARGARETS CLOSE has not materially changed since May 2022.

How Large is 7 MARGARETS CLOSE?

7 MARGARETS CLOSE is 54m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of semi-detached houses houses in Hunstanton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hunstanton, and where 7 MARGARETS CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 7 MARGARETS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Hunstanton.

7 MARGARETS CLOSE: Plot and Title Map

7 MARGARETS CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 7 MARGARETS 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 MARGARETS 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 MARGARETS CLOSE?

7 MARGARETS CLOSE is located in HUNSTANTON, in the PE36 postcode district. The below map shows the position of No. 7 on MARGARETS CLOSE.