3, LIME CLOSE, MARHAM, KING'S LYNN, PE33 9HN - £226,000

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

3 LIME CLOSE is a small extended detached house of 93m², built sometime between 1983 and 1990. It was last sold for £226,000 in December 2020, which was around 29% below the average December 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

3 LIME CLOSE Sold Prices

Land registry data shows two sales for 3 LIME 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 3 LIME 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 9 DEC	£226,000	£316,520	29% below HPI
2006 18 JUL	£154,000	£200,350	23% below HPI

3 LIME 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 3 LIME CLOSE sales from July 2006 and December 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 July 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 3 LIME CLOSE?

3 LIME CLOSE is 93m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of detached houses in Marham, based on EPC data. The below chart shows the distribution of detached houses by size in Marham, and where 3 LIME CLOSE lies on this distribution: 38% of detached houses are smaller than 3 LIME CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Marham.

3 LIME CLOSE: Plot and Title Map

3 LIME CLOSE sits on a plot of roughly 0.062 of an acre, or 253m². The below map shows the location of 3 LIME 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 3 LIME 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 3 LIME CLOSE?

3 LIME CLOSE is located in MARHAM, in the PE33 postcode district. The below map shows the position of No. 3 on LIME CLOSE.