MALTHOUSE FARM, CHENEY HILL, HEACHAM, KING'S LYNN, PE31 7EQ - £565,000

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

MALTHOUSE FARM is a very large detached house of 241m², built sometime before 1900. It was last sold for £565,000 in August 2018, which was around 94% above the average August 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was F, and the potential energy rating was C.

MALTHOUSE FARM Sold Prices

Land registry data shows four sales for MALTHOUSE FARM 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. All of the four MALTHOUSE FARM sales were for above 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
2018 20 AUG	£565,000	£291,056	94% above HPI
2004 31 AUG	£537,500	£185,175	190% above HPI
2002 12 APR	£330,000	£119,976	175% above HPI
1998 22 SEP	£193,000	£74,584	159% above HPI

MALTHOUSE FARM 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 MALTHOUSE FARM sales between September 1998 and August 2018 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 August 2004 sale was for 190% above the HPI. So the extrapolation line tracks at 190% above the HPI over time, until the August 2018 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is MALTHOUSE FARM?

MALTHOUSE FARM is 241m² according to the EPC inspection conducted in October 2012. This puts it in the largest 10% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where MALTHOUSE FARM lies on this distribution: 97% of detached houses are smaller than MALTHOUSE FARM, and 3% of houses are larger. Note that EPC data is not available for all properties in Heacham.

MALTHOUSE FARM: Plot and Title Map

MALTHOUSE FARM sits on a plot of roughly 0.411 of an acre, or 1,664m². The below map shows the location of MALTHOUSE FARM, 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 MALTHOUSE FARM). 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 MALTHOUSE FARM?

MALTHOUSE FARM is located on CHENEY HILL in HEACHAM, in the PE31 postcode district. The below map shows the position of MALTHOUSE FARM on CHENEY HILL.