15, BALMORAL CLOSE, DERSINGHAM, KING'S LYNN, PE31 6YG - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 BALMORAL CLOSE is a very small detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £257,978. It was last sold for £250,000 in May 2022, which was around 31% below the average May 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was B.

15 BALMORAL CLOSE Sold Prices

Land registry data shows eight sales for 15 BALMORAL CLOSE since 1^st January 1995. The below table shows the price paid for the eight 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 eight 15 BALMORAL 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
2022 27 MAY	£250,000	£362,546	31% below HPI
2010 22 MAR	£165,000	£216,451	24% below HPI
2006 20 JAN	£144,950	£198,515	27% below HPI
2005 26 AUG	£117,000	£205,453	43% below HPI
2003 23 MAY	£129,950	£152,112	15% below HPI
1999 17 MAY	£60,000	£78,268	23% below HPI
1998 24 JUL	£59,000	£76,613	23% below HPI
1995 10 AUG	£54,000	£60,483	11% below HPI

15 BALMORAL 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 eight 15 BALMORAL CLOSE sales between August 1995 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 March 2010 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 15 BALMORAL CLOSE be worth now?

15 BALMORAL CLOSE might now be worth an estimated £257,978.

This is based on house price inflation of 3.2%, between May 2022 and December 2024, 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 3.2% inflationary increase is applied to the most recent sale price for 15 BALMORAL CLOSE of £250,000 on 27th May 2022. For the value to have increased from £250,000 to £257,978 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 15 BALMORAL CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BALMORAL CLOSE has not materially changed since May 2022.

How Large is 15 BALMORAL CLOSE?

15 BALMORAL CLOSE is 73m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses houses in Dersingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dersingham, and where 15 BALMORAL CLOSE lies on this distribution: 16% of detached houses houses are smaller than 15 BALMORAL CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Dersingham.

15 BALMORAL CLOSE: Plot and Title Map

15 BALMORAL CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 15 BALMORAL 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 15 BALMORAL 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 15 BALMORAL CLOSE?

15 BALMORAL CLOSE is located in DERSINGHAM, in the PE31 postcode district. The below map shows the position of No. 15 on BALMORAL CLOSE.