4, BANKSIDE, HEACHAM, KING'S LYNN, PE31 7AU - £185,000

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

4 BANKSIDE is a very small detached house of 49m², built sometime between 1991 and 1995. It was last sold for £185,000 in March 2018, which was around 34% below the average March 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

4 BANKSIDE Sold Prices

Land registry data shows two sales for 4 BANKSIDE 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 4 BANKSIDE 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 12 MAR	£185,000	£279,745	34% below HPI
2007 17 AUG	£149,500	£220,747	32% below HPI

4 BANKSIDE 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 4 BANKSIDE sales from August 2007 and March 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 August 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 4 BANKSIDE?

4 BANKSIDE is 49m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 4 BANKSIDE lies on this distribution: 1% of detached houses are smaller than 4 BANKSIDE, and 99% of houses are larger. Note that EPC data is not available for all properties in Heacham.

4 BANKSIDE: Plot and Title Map

4 BANKSIDE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 4 BANKSIDE, 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 4 BANKSIDE). 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 4 BANKSIDE?

4 BANKSIDE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 4 on BANKSIDE.