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

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 RED HART CLOSE is a large detached house of 149m², built sometime between 1996 and 2002. It was last sold for £270,000 in June 2021, which was around 16% 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. Most of the four 4 RED HART 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
2021 4 JUN	£270,000	£321,785	16% below HPI
2016 6 DEC	£228,000	£265,095	14% below HPI
2007 20 SEP	£222,000	£217,007	2% above HPI
2005 29 APR	£179,000	£183,187	2% 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

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 in Nordelph, based on EPC data. The below chart shows the distribution of detached houses by size in Nordelph, and where 4 RED HART CLOSE lies on this distribution: 68% of detached houses are smaller than 4 RED HART CLOSE, and 29% 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.