5, BRIDLE LANE, DOWNHAM MARKET, PE38 9QZ - £400,000

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

5 BRIDLE LANE is a very large extended detached house of 168m², built sometime between 1967 and 1975. It was last sold for £400,000 in November 2021, which was around 19% above the average November 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

5 BRIDLE LANE Sold Prices

Land registry data shows three sales for 5 BRIDLE LANE since 1^st January 1995. The below table shows the price paid for the three 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 three 5 BRIDLE LANE 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
2021 30 NOV	£400,000	£335,168	19% above HPI
2006 1 DEC	£275,000	£209,103	32% above HPI
1997 4 SEP	£132,000	£66,683	98% above HPI

5 BRIDLE LANE 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 three 5 BRIDLE LANE sales between September 1997 and November 2021 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 December 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 5 BRIDLE LANE?

5 BRIDLE LANE is 168m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 10% of detached houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Downham Market, and where 5 BRIDLE LANE lies on this distribution: 95% of detached houses are smaller than 5 BRIDLE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 BRIDLE LANE: Plot and Title Map

5 BRIDLE LANE sits on a plot of roughly 0.217 of an acre, or 880m². The below map shows the location of 5 BRIDLE LANE, 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 5 BRIDLE LANE). 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 5 BRIDLE LANE?

5 BRIDLE LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 5 on BRIDLE LANE.