3, WESTGATE STREET, SOUTHERY, DOWNHAM MARKET, PE38 0PA - £300,000

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.

3 WESTGATE STREET is a very large detached house of 154m², built sometime between 1930 and 1949, which could now be worth an estimated £367,826. It was last sold for £300,000 in August 2018, which was about the average August 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was D.

3 WESTGATE STREET Sold Prices

Land registry data shows four sales for 3 WESTGATE STREET 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. The four 3 WESTGATE STREET sales were a mix of roughly equal to the average price, above the average price, and 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
2018 23 AUG	£300,000	£299,098	Close to HPI
2013 11 OCT	£187,500	£218,645	14% below HPI
2009 23 JAN	£212,000	£195,967	8% above HPI
2003 16 APR	£115,000	£152,456	25% below HPI

3 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 four 3 WESTGATE STREET sales between April 2003 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 October 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 WESTGATE STREET be worth now?

3 WESTGATE STREET might now be worth an estimated £367,826.

This is based on house price inflation of 22.6%, between August 2018 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 22.6% inflationary increase is applied to the most recent sale price for 3 WESTGATE STREET of £300,000 on 23rd August 2018. For the value to have increased from £300,000 to £367,826 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 3 WESTGATE STREET has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2018 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WESTGATE STREET has not materially changed since August 2018.

How Large is 3 WESTGATE STREET?

3 WESTGATE STREET is 154m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% 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 3 WESTGATE STREET lies on this distribution: 83% of detached houses houses are smaller than 3 WESTGATE STREET, and 16% of houses are larger. Note that EPC data is not available for all properties in Southery.

3 WESTGATE STREET: Plot and Title Map

3 WESTGATE STREET sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 3 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 3 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 3 WESTGATE STREET?

3 WESTGATE STREET is located in SOUTHERY, in the PE38 postcode district. The below map shows the position of No. 3 on WESTGATE STREET.