40, WINGFIELDS, DOWNHAM MARKET, PE38 9AR - £310,000

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.

40 WINGFIELDS is a very large semi-detached house of 136m², built sometime between 2003 and 2006, which could now be worth an estimated £387,095. It was last sold for £310,000 in February 2020, which was around 58% above the average February 2020 semi-detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

40 WINGFIELDS Sold Prices

Land registry data shows three sales for 40 WINGFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three 40 WINGFIELDS 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 10 FEB	£310,000	£195,775	58% above HPI
2006 24 MAY	£236,000	£134,956	75% above HPI
2005 24 AUG	£225,000	£137,227	64% above HPI

40 WINGFIELDS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three 40 WINGFIELDS sales between August 2005 and February 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 May 2006 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the February 2020 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 40 WINGFIELDS be worth now?

40 WINGFIELDS might now be worth an estimated £387,095.

This is based on house price inflation of 24.9%, between February 2020 and February 2025, for semi-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 24.9% inflationary increase is applied to the most recent sale price for 40 WINGFIELDS of £310,000 on 10th February 2020. For the value to have increased from £310,000 to £387,095 over the five years to February 2025, the following assumptions must hold true:

• The value of 40 WINGFIELDS has moved in line with the HPI for semi-detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 40 WINGFIELDS has not materially changed since February 2020.

How Large is 40 WINGFIELDS?

40 WINGFIELDS is 136m² according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of semi-detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Downham Market, and where 40 WINGFIELDS lies on this distribution: 84% of semi-detached houses houses are smaller than 40 WINGFIELDS, and 15% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

40 WINGFIELDS: Plot and Title Map

40 WINGFIELDS sits on a plot of roughly 0.197 of an acre, or 798m². The below map shows the location of 40 WINGFIELDS, 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 40 WINGFIELDS). 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 40 WINGFIELDS?

40 WINGFIELDS is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 40 on WINGFIELDS.