2, BRIDGE CLOSE, HEACHAM, KING'S LYNN, PE31 7SQ - £345,000

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.

2 BRIDGE CLOSE is a midsized detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £322,039. It was last sold for £345,000 in December 2022, which was around 12% below the average December 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 BRIDGE CLOSE Sold Prices

Land registry data shows two sales for 2 BRIDGE 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 2 BRIDGE 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 12 DEC	£345,000	£392,867	12% below HPI
2022 28 OCT	£355,000	£390,078	9% below HPI

2 BRIDGE 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 2 BRIDGE CLOSE sales from October 2022 and December 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 October 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 BRIDGE CLOSE be worth now?

2 BRIDGE CLOSE might now be worth an estimated £322,039.

This is based on house price deflation of 6.7%, between December 2022 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 6.7% deflationary decrease is applied to the most recent sale price for 2 BRIDGE CLOSE of £345,000 on 12th December 2022. For the value to have decreased from £345,000 to £322,039 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 BRIDGE CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BRIDGE CLOSE has not materially changed since December 2022.

How Large is 2 BRIDGE CLOSE?

2 BRIDGE CLOSE is 93m² according to the EPC inspection conducted in March 2022. This puts it in the largest 50% 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 2 BRIDGE CLOSE lies on this distribution: 52% of detached houses houses are smaller than 2 BRIDGE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Heacham.

2 BRIDGE CLOSE: Plot and Title Map

2 BRIDGE CLOSE sits on a plot of roughly 0.176 of an acre, or 712m². The below map shows the location of 2 BRIDGE 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 2 BRIDGE 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 2 BRIDGE CLOSE?

2 BRIDGE CLOSE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 2 on BRIDGE CLOSE.