16, STRACHAN CLOSE, HEACHAM, KING'S LYNN, PE31 7SB - £273,000

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 STRACHAN CLOSE is a small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £273,000 in November 2020, which was around 13% below the average November 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

16 STRACHAN CLOSE Sold Prices

Land registry data shows two sales for 16 STRACHAN 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 16 STRACHAN 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
2020 23 NOV	£273,000	£313,891	13% below HPI
2020 19 AUG	£221,000	£299,060	26% below HPI

16 STRACHAN 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 16 STRACHAN CLOSE sales from August 2020 and November 2020 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 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 16 STRACHAN CLOSE?

16 STRACHAN CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in October 2019. 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 16 STRACHAN CLOSE lies on this distribution: 34% of detached houses are smaller than 16 STRACHAN CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Heacham.

16 STRACHAN CLOSE: Plot and Title Map

16 STRACHAN CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 16 STRACHAN 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 STRACHAN 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 STRACHAN CLOSE?

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