5, HAZEL CLOSE, GRIMSTON, KING'S LYNN, PE32 1XE - £150,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 HAZEL CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £250,846. It was last sold for £150,000 in June 2007, which was around 32% below the average June 2007 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

5 HAZEL CLOSE Sold Prices

Land registry data shows three sales for 5 HAZEL 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. All of the three 5 HAZEL 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
2007 25 JUN	£150,000	£219,290	32% below HPI
1998 26 JUN	£50,000	£75,500	34% below HPI
1998 16 JAN	£48,500	£73,731	34% below HPI

5 HAZEL 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 5 HAZEL CLOSE sales between January 1998 and June 2007 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 June 1998 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2007 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 HAZEL CLOSE be worth now?

5 HAZEL CLOSE might now be worth an estimated £250,846.

This is based on house price inflation of 67.2%, between June 2007 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 67.2% inflationary increase is applied to the most recent sale price for 5 HAZEL CLOSE of £150,000 on 25th June 2007. For the value to have increased from £150,000 to £250,846 over the eighteen years and four months to February 2025, the following assumptions must hold true:

• The value of 5 HAZEL CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2007 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HAZEL CLOSE has not materially changed since June 2007.

How Large is 5 HAZEL CLOSE?

5 HAZEL CLOSE is 56m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 10% of detached houses houses in Grimston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimston, and where 5 HAZEL CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 HAZEL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Grimston.

5 HAZEL CLOSE: Plot and Title Map

5 HAZEL CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 HAZEL 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 5 HAZEL 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 5 HAZEL CLOSE?

5 HAZEL CLOSE is located in GRIMSTON, in the PE32 postcode district. The below map shows the position of No. 5 on HAZEL CLOSE.