2, STRACHAN CLOSE, HEACHAM, KING'S LYNN, PE31 7SB - £248,000

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

2 STRACHAN CLOSE is a small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £248,000 in October 2018, which was around 17% below the average October 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

2 STRACHAN CLOSE Sold Prices

Land registry data shows three sales for 2 STRACHAN 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. All of the three 2 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
2018 11 OCT	£248,000	£297,977	17% below HPI
2014 12 NOV	£175,000	£231,016	24% below HPI
2003 9 MAY	£129,000	£148,022	13% below HPI

2 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 three 2 STRACHAN CLOSE sales between May 2003 and October 2018 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 November 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 STRACHAN CLOSE?

2 STRACHAN CLOSE is 73m² according to the EPC inspection conducted in December 2013. 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 2 STRACHAN CLOSE lies on this distribution: 26% of detached houses are smaller than 2 STRACHAN CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Heacham.

2 STRACHAN CLOSE: Plot and Title Map

2 STRACHAN CLOSE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 2 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 2 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 2 STRACHAN CLOSE?

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