16, VELTSHAW CLOSE, HEACHAM, KING'S LYNN, PE31 7JH - £300,000

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 VELTSHAW CLOSE is a small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £300,000 in May 2024, which was around 13% below the average May 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

16 VELTSHAW CLOSE Sold Prices

Land registry data shows four sales for 16 VELTSHAW CLOSE since 1^st January 1995. The below table shows the price paid for the four 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 four 16 VELTSHAW 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
2024 31 MAY	£300,000	£346,512	13% below HPI
2003 7 MAR	£139,950	£143,771	3% below HPI
1999 8 DEC	£72,000	£85,017	15% below HPI
1998 16 OCT	£59,950	£74,542	20% below HPI

16 VELTSHAW 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 four 16 VELTSHAW CLOSE sales between October 1998 and May 2024 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 2003 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2024 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 16 VELTSHAW CLOSE?

16 VELTSHAW CLOSE is 70m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% 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 VELTSHAW CLOSE lies on this distribution: 22% of detached houses are smaller than 16 VELTSHAW CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Heacham.

16 VELTSHAW CLOSE: Plot and Title Map

16 VELTSHAW CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 16 VELTSHAW 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 VELTSHAW 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 VELTSHAW CLOSE?

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