7, NORWAY CLOSE, HEACHAM, KING'S LYNN, PE31 7AJ - £240,000

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

7 NORWAY CLOSE is a midsized detached house of 84m², built sometime between 1976 and 1982. It was last sold for £240,000 in April 2016, which was around 5% below the average April 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

7 NORWAY CLOSE Sold Prices

Land registry data shows two sales for 7 NORWAY 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 7 NORWAY 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
2016 22 APR	£240,000	£252,461	5% below HPI
2012 30 NOV	£178,000	£202,161	12% below HPI

7 NORWAY 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 7 NORWAY CLOSE sales from November 2012 and April 2016 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 November 2012 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 NORWAY CLOSE?

7 NORWAY CLOSE is 84m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 7 NORWAY CLOSE lies on this distribution: 42% of detached houses are smaller than 7 NORWAY CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Heacham.

7 NORWAY CLOSE: Plot and Title Map

7 NORWAY CLOSE sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 7 NORWAY 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 7 NORWAY 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 7 NORWAY CLOSE?

7 NORWAY CLOSE is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 7 on NORWAY CLOSE.