1, FIR CLOSE, HEACHAM, KING'S LYNN, PE31 7AG - £318,500

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.

1 FIR CLOSE is a small detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £309,992. It was last sold for £318,500 in July 2023, which was around 15% below the average July 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

1 FIR CLOSE Sold Prices

Land registry data shows three sales for 1 FIR CLOSE since 1^st January 1995. The below table shows the price paid for the three 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 three 1 FIR 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
2023 14 JUL	£318,500	£376,785	15% below HPI
2014 19 AUG	£165,000	£230,262	28% below HPI
1997 14 NOV	£60,000	£71,305	16% below HPI

1 FIR 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 three 1 FIR CLOSE sales between November 1997 and July 2023 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 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 FIR CLOSE be worth now?

1 FIR CLOSE might now be worth an estimated £309,992.

This is based on house price deflation of 2.7%, between July 2023 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 2.7% deflationary decrease is applied to the most recent sale price for 1 FIR CLOSE of £318,500 on 14th July 2023. For the value to have decreased from £318,500 to £309,992 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 1 FIR CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2023 sale price of £318,500 represented a fair market value for the property.
• The size, condition, and specification of 1 FIR CLOSE has not materially changed since July 2023.

How Large is 1 FIR CLOSE?

1 FIR CLOSE is 79m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% 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 FIR CLOSE lies on this distribution: 34% of detached houses houses are smaller than 1 FIR CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Heacham.

1 FIR CLOSE: Plot and Title Map

1 FIR CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 1 FIR 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 1 FIR 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 1 FIR CLOSE?

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