4, RED HART CLOSE, NORDELPH, DOWNHAM MARKET, PE38 0BF - £270,000

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 RED HART CLOSE is a large detached house of 149m², built sometime between 1996 and 2002, which could now be worth an estimated £299,429. It was last sold for £270,000 in June 2021, which was around 18% below the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

4 RED HART CLOSE Sold Prices

Land registry data shows four sales for 4 RED HART CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. The four 4 RED HART CLOSE sales were a mix of below the average price, and roughly equal to 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 4 JUN	£270,000	£330,677	18% below HPI
2016 6 DEC	£228,000	£272,421	16% below HPI
2007 20 SEP	£222,000	£223,004	Close to HPI
2005 29 APR	£179,000	£188,248	5% below HPI

4 RED HART 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 four 4 RED HART CLOSE sales between April 2005 and June 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 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 4 RED HART CLOSE be worth now?

4 RED HART CLOSE might now be worth an estimated £299,429.

This is based on house price inflation of 10.9%, between June 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 10.9% inflationary increase is applied to the most recent sale price for 4 RED HART CLOSE of £270,000 on 4th June 2021. For the value to have increased from £270,000 to £299,429 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 4 RED HART CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RED HART CLOSE has not materially changed since June 2021.

How Large is 4 RED HART CLOSE?

4 RED HART CLOSE is 149m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in Nordelph, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nordelph, and where 4 RED HART CLOSE lies on this distribution: 69% of detached houses houses are smaller than 4 RED HART CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Nordelph.

4 RED HART CLOSE: Plot and Title Map

4 RED HART CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 4 RED HART 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 4 RED HART 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 4 RED HART CLOSE?

4 RED HART CLOSE is located in NORDELPH, in the PE38 postcode district. The below map shows the position of No. 4 on RED HART CLOSE.