3, SPRUCE CLOSE, HEACHAM, KING'S LYNN, PE31 7AL - £399,995

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.

3 SPRUCE CLOSE is a midsized detached house of 90m², built sometime between 1976 and 1982, which could now be worth an estimated £423,857. It was last sold for £399,995 in December 2021, which was around 16% above the average December 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

3 SPRUCE CLOSE Sold Prices

Land registry data shows five sales for 3 SPRUCE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Most of the five 3 SPRUCE CLOSE 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
2021 17 DEC	£399,995	£346,075	16% above HPI
2012 20 DEC	£268,000	£214,558	25% above HPI
2010 31 AUG	£172,000	£212,590	19% below HPI
2009 11 JUN	£230,000	£197,464	16% above HPI
1997 9 MAY	£64,000	£68,736	7% below HPI

3 SPRUCE 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 five 3 SPRUCE CLOSE sales between May 1997 and December 2021 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 December 2012 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the December 2021 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 3 SPRUCE CLOSE be worth now?

3 SPRUCE CLOSE might now be worth an estimated £423,857.

This is based on house price inflation of 6%, between December 2021 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% inflationary increase is applied to the most recent sale price for 3 SPRUCE CLOSE of £399,995 on 17th December 2021. For the value to have increased from £399,995 to £423,857 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 SPRUCE CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2021 sale price of £399,995 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRUCE CLOSE has not materially changed since December 2021.

How Large is 3 SPRUCE CLOSE?

3 SPRUCE CLOSE is 90m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 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 3 SPRUCE CLOSE lies on this distribution: 49% of detached houses houses are smaller than 3 SPRUCE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Heacham.

3 SPRUCE CLOSE: Plot and Title Map

3 SPRUCE CLOSE sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of 3 SPRUCE 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 SPRUCE 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 SPRUCE CLOSE?

3 SPRUCE CLOSE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 3 on SPRUCE CLOSE.