3, VELTSHAW CLOSE, HEACHAM, KING'S LYNN, PE31 7JH - £265,000

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 VELTSHAW CLOSE is a large extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £265,000 in December 2020, which was around 16% below the average December 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

3 VELTSHAW CLOSE Sold Prices

Land registry data shows six sales for 3 VELTSHAW CLOSE since 1^st January 1995. The below table shows the price paid for the six 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 six 3 VELTSHAW 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 7 DEC	£265,000	£316,520	16% below HPI
2010 6 AUG	£174,000	£206,874	16% below HPI
2006 7 JUL	£175,000	£200,350	13% below HPI
2004 23 JUL	£163,000	£184,385	12% below HPI
2000 8 SEP	£84,500	£95,971	12% below HPI
1999 26 FEB	£71,000	£74,916	5% below HPI

3 VELTSHAW 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 six 3 VELTSHAW CLOSE sales between February 1999 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 August 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2020 sale, which was also at 16% below the HPI.

How Large is 3 VELTSHAW CLOSE?

3 VELTSHAW CLOSE is 99m², which includes two extensions, according to the EPC inspection conducted in February 2010. This puts it in the largest 40% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 3 VELTSHAW CLOSE lies on this distribution: 60% of detached houses are smaller than 3 VELTSHAW CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Heacham.

3 VELTSHAW CLOSE: Plot and Title Map

3 VELTSHAW CLOSE sits on a plot of roughly 0.055 of an acre, or 225m². The below map shows the location of 3 VELTSHAW 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 VELTSHAW 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 VELTSHAW CLOSE?

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