THE WINDMILL, RINGSTEAD ROAD, HEACHAM, KING'S LYNN, PE31 7JA - £510,000

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

THE WINDMILL is a very large extended detached house of 399m², built sometime before 1900. It was last sold for £510,000 in November 2004, which was around 177% above the average November 2004 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

THE WINDMILL Sold Prices

Land registry data shows two sales for THE WINDMILL 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 THE WINDMILL 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
2004 19 NOV	£510,000	£184,178	177% above HPI
2002 18 JAN	£340,000	£120,411	182% above HPI

THE WINDMILL 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 THE WINDMILL sales from January 2002 and November 2004 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 January 2002 sale was for 182% above the HPI. So the extrapolation line tracks at 182% above the HPI over time, until the November 2004 sale, where it falls to 177% above the HPI. The line then continues to track at 177% above the HPI.

How Large is THE WINDMILL?

THE WINDMILL is 399m², which includes four extensions, according to the EPC inspection conducted in August 2022. 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 THE WINDMILL lies on this distribution: 99% of detached houses are smaller than THE WINDMILL, and 1% of houses are larger. Note that EPC data is not available for all properties in Heacham.

THE WINDMILL: Plot and Title Map

THE WINDMILL sits on a plot of roughly 1.5 acres, or 6,262m². The below map shows the location of THE WINDMILL, 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 THE WINDMILL). 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 THE WINDMILL?

THE WINDMILL is located on RINGSTEAD ROAD in HEACHAM, in the PE31 postcode district. The below map shows the position of THE WINDMILL on RINGSTEAD ROAD.