1, HERON CLOSE, DOWNHAM MARKET, PE38 9QD - £262,500

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 HERON CLOSE is a large detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £324,419. It was last sold for £262,500 in February 2019, which was around 12% below the average February 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

1 HERON CLOSE Sold Prices

Land registry data shows two sales for 1 HERON CLOSE 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 HERON 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
2019 1 FEB	£262,500	£296,727	12% below HPI
2016 26 AUG	£199,995	£264,160	24% below HPI

1 HERON 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 two 1 HERON CLOSE sales from August 2016 and February 2019 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 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 1 HERON CLOSE be worth now?

1 HERON CLOSE might now be worth an estimated £324,419.

This is based on house price inflation of 23.6%, between February 2019 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 23.6% inflationary increase is applied to the most recent sale price for 1 HERON CLOSE of £262,500 on 1st February 2019. For the value to have increased from £262,500 to £324,419 over the six years to February 2025, the following assumptions must hold true:

• The value of 1 HERON CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2019 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 1 HERON CLOSE has not materially changed since February 2019.

How Large is 1 HERON CLOSE?

1 HERON CLOSE is 114m² according to the EPC inspection conducted in March 2011. This puts it in the largest 40% of detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 1 HERON CLOSE lies on this distribution: 66% of detached houses houses are smaller than 1 HERON CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

1 HERON CLOSE: Plot and Title Map

1 HERON CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 1 HERON 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 HERON 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 HERON CLOSE?

1 HERON CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 1 on HERON CLOSE.