1, COLLINS LANE, HEACHAM, KING'S LYNN, PE31 7DZ - £470,000

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.

1 COLLINS LANE is a very large detached house of 164m², built sometime between 2003 and 2006, which could now be worth an estimated £530,469. It was last sold for £470,000 in March 2021, which was around 45% above the average March 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

1 COLLINS LANE Sold Prices

Land registry data shows two sales for 1 COLLINS LANE 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 1 COLLINS LANE 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
2021 18 MAR	£470,000	£324,917	45% above HPI
2004 30 NOV	£295,000	£189,267	56% above HPI

1 COLLINS LANE 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 1 COLLINS LANE sales from November 2004 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 November 2004 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2021 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 1 COLLINS LANE be worth now?

1 COLLINS LANE might now be worth an estimated £530,469.

This is based on house price inflation of 12.9%, between March 2021 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 12.9% inflationary increase is applied to the most recent sale price for 1 COLLINS LANE of £470,000 on 18th March 2021. For the value to have increased from £470,000 to £530,469 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 1 COLLINS LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2021 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 1 COLLINS LANE has not materially changed since March 2021.

How Large is 1 COLLINS LANE?

1 COLLINS LANE is 164m² according to the EPC inspection conducted in January 2017. This puts it in the largest 20% of detached houses houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heacham, and where 1 COLLINS LANE lies on this distribution: 90% of detached houses houses are smaller than 1 COLLINS LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Heacham.

1 COLLINS LANE: Plot and Title Map

1 COLLINS LANE sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of 1 COLLINS LANE, 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 1 COLLINS LANE). 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 1 COLLINS LANE?

1 COLLINS LANE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 1 on COLLINS LANE.