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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FIR CLOSE is a small detached house of 79m², built sometime between 1976 and 1982. It was last sold for £318,500 in July 2023, which was around 13% 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	£366,653	13% below HPI
2014 19 AUG	£165,000	£224,071	26% below HPI
1997 14 NOV	£60,000	£69,388	14% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 1 FIR CLOSE lies on this distribution: 34% of detached 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.