16, FIR CLOSE, HEACHAM, KING'S LYNN, PE31 7AG - £560,000

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

16 FIR CLOSE is a large extended detached house of 100m², built sometime between 1950 and 1966. It was last sold for £560,000 in August 2022, which was around 52% above the average August 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

16 FIR CLOSE Sold Prices

Land registry data shows three sales for 16 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. Two of the three 16 FIR CLOSE sales were for above the average price, whilst one was 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 9 AUG	£560,000	£369,609	52% above HPI
2020 5 JUN	£286,000	£297,936	4% below HPI
2000 14 JUL	£95,000	£94,190	1% above HPI

16 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 16 FIR CLOSE sales between July 2000 and August 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 June 2020 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2022 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 16 FIR CLOSE?

16 FIR CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 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 16 FIR CLOSE lies on this distribution: 61% of detached houses are smaller than 16 FIR CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Heacham.

16 FIR CLOSE: Plot and Title Map

16 FIR CLOSE sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 16 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 16 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 16 FIR CLOSE?

16 FIR CLOSE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 16 on FIR CLOSE.