1B, COLLINS LANE, HEACHAM, KING'S LYNN, PE31 7DZ - £445,000

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.

1B COLLINS LANE is a very large detached house of 159m², built sometime between 2003 and 2006, which could now be worth an estimated £547,009. It was last sold for £445,000 in February 2020, which was around 49% above the average February 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

1B COLLINS LANE Sold Prices

Land registry data shows three sales for 1B COLLINS LANE 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. All of the three 1B COLLINS LANE sales were for above 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 28 FEB	£445,000	£298,332	49% above HPI
2019 31 OCT	£445,000	£302,866	47% above HPI
2004 29 OCT	£285,000	£191,803	49% above HPI

1B COLLINS LANE 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 1B COLLINS LANE sales between October 2004 and February 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 October 2019 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the February 2020 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 1B COLLINS LANE be worth now?

1B COLLINS LANE might now be worth an estimated £547,009.

This is based on house price inflation of 22.9%, between February 2020 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 22.9% inflationary increase is applied to the most recent sale price for 1B COLLINS LANE of £445,000 on 28th February 2020. For the value to have increased from £445,000 to £547,009 over the five years to February 2025, the following assumptions must hold true:

• The value of 1B COLLINS LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2020 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 1B COLLINS LANE has not materially changed since February 2020.

How Large is 1B COLLINS LANE?

1B COLLINS LANE is 159m² according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heacham, and where 1B COLLINS LANE lies on this distribution: 89% of detached houses houses are smaller than 1B COLLINS LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Heacham.

1B COLLINS LANE: Plot and Title Map

1B COLLINS LANE sits on a plot of roughly 0.167 of an acre, or 675m². The below map shows the location of 1B COLLINS LANE, 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 1B COLLINS LANE). 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 1B COLLINS LANE?

1B COLLINS LANE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 1B on COLLINS LANE.