12, WESTGATE STREET, SOUTHERY, DOWNHAM MARKET, PE38 0PA - £375,000

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.

12 WESTGATE STREET is a midsized extended detached house of 120m², built sometime between 1950 and 1966, which could now be worth an estimated £422,792. It was last sold for £375,000 in December 2020, which was around 15% above the average December 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

12 WESTGATE STREET Sold Prices

Land registry data shows two sales for 12 WESTGATE STREET 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 12 WESTGATE STREET 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
2020 14 DEC	£375,000	£325,266	15% above HPI
2005 21 OCT	£360,000	£200,023	80% above HPI

12 WESTGATE STREET 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 12 WESTGATE STREET sales from October 2005 and December 2020 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 2005 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the December 2020 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 12 WESTGATE STREET be worth now?

12 WESTGATE STREET might now be worth an estimated £422,792.

This is based on house price inflation of 12.7%, between December 2020 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 12.7% inflationary increase is applied to the most recent sale price for 12 WESTGATE STREET of £375,000 on 14th December 2020. For the value to have increased from £375,000 to £422,792 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 12 WESTGATE STREET has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WESTGATE STREET has not materially changed since December 2020.

How Large is 12 WESTGATE STREET?

12 WESTGATE STREET is 120m², which includes four extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 50% of detached houses houses in Southery, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southery, and where 12 WESTGATE STREET lies on this distribution: 57% of detached houses houses are smaller than 12 WESTGATE STREET, and 42% of houses are larger. Note that EPC data is not available for all properties in Southery.

12 WESTGATE STREET: Plot and Title Map

12 WESTGATE STREET sits on a plot of roughly 0.173 of an acre, or 699m². The below map shows the location of 12 WESTGATE STREET, 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 12 WESTGATE STREET). 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 12 WESTGATE STREET?

12 WESTGATE STREET is located in SOUTHERY, in the PE38 postcode district. The below map shows the position of No. 12 on WESTGATE STREET.