5, VELTSHAW CLOSE, HEACHAM, KING'S LYNN, PE31 7JH - £299,995

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.

5 VELTSHAW CLOSE is a very small detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £282,446. It was last sold for £299,995 in January 2023, which was around 23% below the average January 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

5 VELTSHAW CLOSE Sold Prices

Land registry data shows two sales for 5 VELTSHAW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 5 VELTSHAW 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
2023 20 JAN	£299,995	£389,505	23% below HPI
1996 4 OCT	£59,950	£65,257	8% below HPI

5 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 two 5 VELTSHAW CLOSE sales from October 1996 and January 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 October 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 5 VELTSHAW CLOSE be worth now?

5 VELTSHAW CLOSE might now be worth an estimated £282,446.

This is based on house price deflation of 5.8%, between January 2023 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 5.8% deflationary decrease is applied to the most recent sale price for 5 VELTSHAW CLOSE of £299,995 on 20th January 2023. For the value to have decreased from £299,995 to £282,446 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 VELTSHAW CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The January 2023 sale price of £299,995 represented a fair market value for the property.
• The size, condition, and specification of 5 VELTSHAW CLOSE has not materially changed since January 2023.

How Large is 5 VELTSHAW CLOSE?

5 VELTSHAW CLOSE is 63m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% 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 5 VELTSHAW CLOSE lies on this distribution: 12% of detached houses houses are smaller than 5 VELTSHAW CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Heacham.

5 VELTSHAW CLOSE: Plot and Title Map

5 VELTSHAW CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 5 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 5 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 5 VELTSHAW CLOSE?

5 VELTSHAW CLOSE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 5 on VELTSHAW CLOSE.