4, GIDNEY DRIVE, HEACHAM, KING'S LYNN, PE31 7SX - £275,000

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.

4 GIDNEY DRIVE is a small detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £328,150. It was last sold for £275,000 in August 2020, which was around 11% below the average August 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

4 GIDNEY DRIVE Sold Prices

Land registry data shows three sales for 4 GIDNEY DRIVE since 1^st January 1995. The below table shows the price paid for the three 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 three 4 GIDNEY DRIVE 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 21 AUG	£275,000	£307,323	11% below HPI
2016 1 MAR	£226,000	£262,528	14% below HPI
2015 3 SEP	£175,000	£252,740	31% below HPI

4 GIDNEY DRIVE 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 three 4 GIDNEY DRIVE sales between September 2015 and August 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 March 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 GIDNEY DRIVE be worth now?

4 GIDNEY DRIVE might now be worth an estimated £328,150.

This is based on house price inflation of 19.3%, between August 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 19.3% inflationary increase is applied to the most recent sale price for 4 GIDNEY DRIVE of £275,000 on 21st August 2020. For the value to have increased from £275,000 to £328,150 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 4 GIDNEY DRIVE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GIDNEY DRIVE has not materially changed since August 2020.

How Large is 4 GIDNEY DRIVE?

4 GIDNEY DRIVE is 77m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% 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 4 GIDNEY DRIVE lies on this distribution: 32% of detached houses houses are smaller than 4 GIDNEY DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Heacham.

4 GIDNEY DRIVE: Plot and Title Map

4 GIDNEY DRIVE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 4 GIDNEY DRIVE, 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 GIDNEY DRIVE). 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 GIDNEY DRIVE?

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