5, CHURCHILL WAY, DOWNHAM MARKET, PE38 9RW - £324,000

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.

5 CHURCHILL WAY is a small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £371,493. It was last sold for £324,000 in January 2021, which was around 1% above the average January 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

5 CHURCHILL WAY Sold Prices

Land registry data shows two sales for 5 CHURCHILL WAY 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. One of the two 5 CHURCHILL WAY sales was for above the average price, whilst the other was for 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
2021 22 JAN	£324,000	£319,837	1% above HPI
2019 17 DEC	£180,000	£301,541	40% below HPI

5 CHURCHILL WAY 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 5 CHURCHILL WAY sales from December 2019 and January 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 2019 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 5 CHURCHILL WAY be worth now?

5 CHURCHILL WAY might now be worth an estimated £371,493.

This is based on house price inflation of 14.7%, between January 2021 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 14.7% inflationary increase is applied to the most recent sale price for 5 CHURCHILL WAY of £324,000 on 22nd January 2021. For the value to have increased from £324,000 to £371,493 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 CHURCHILL WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The January 2021 sale price of £324,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHURCHILL WAY has not materially changed since January 2021.

How Large is 5 CHURCHILL WAY?

5 CHURCHILL WAY is 79m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 5 CHURCHILL WAY lies on this distribution: 31% of detached houses houses are smaller than 5 CHURCHILL WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 CHURCHILL WAY: Plot and Title Map

5 CHURCHILL WAY sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 5 CHURCHILL WAY, 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 CHURCHILL WAY). 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 CHURCHILL WAY?

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