4, VELTSHAW CLOSE, HEACHAM, KING'S LYNN, PE31 7JH - £325,000

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 VELTSHAW CLOSE is a small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £325,000 in August 2023, which was around 12% below the average August 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

4 VELTSHAW CLOSE Sold Prices

Land registry data shows three sales for 4 VELTSHAW CLOSE 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. The three 4 VELTSHAW 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
2023 24 AUG	£325,000	£370,018	12% below HPI
2004 8 SEP	£185,000	£185,640	Close to HPI
1997 29 SEP	£65,000	£66,683	3% below HPI

4 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 three 4 VELTSHAW CLOSE sales between September 1997 and August 2023 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 September 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2023 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 VELTSHAW CLOSE?

4 VELTSHAW CLOSE is 73m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% 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 VELTSHAW CLOSE lies on this distribution: 26% of detached houses are smaller than 4 VELTSHAW CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Heacham.

4 VELTSHAW CLOSE: Plot and Title Map

4 VELTSHAW CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 4 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 4 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 4 VELTSHAW CLOSE?

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