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

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.

3 VELTSHAW CLOSE is a midsized extended detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £298,773. It was last sold for £265,000 in December 2020, which was around 19% 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	£325,266	19% below HPI
2010 6 AUG	£174,000	£212,590	18% below HPI
2006 7 JUL	£175,000	£205,886	15% below HPI
2004 23 JUL	£163,000	£189,480	14% below HPI
2000 8 SEP	£84,500	£98,623	14% below HPI
1999 26 FEB	£71,000	£76,986	8% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 VELTSHAW CLOSE be worth now?

3 VELTSHAW CLOSE might now be worth an estimated £298,773.

This is based on house price inflation of 12.7%, between December 2020 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 12.7% inflationary increase is applied to the most recent sale price for 3 VELTSHAW CLOSE of £265,000 on 7th December 2020. For the value to have increased from £265,000 to £298,773 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 VELTSHAW CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 VELTSHAW CLOSE has not materially changed since December 2020.

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 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 VELTSHAW CLOSE lies on this distribution: 59% of detached houses houses are smaller than 3 VELTSHAW CLOSE, and 41% 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 0.056 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.