5, ELM CLOSE, DOWNHAM MARKET, PE38 9PQ - £182,500

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 ELM CLOSE is a small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £309,645. It was last sold for £182,500 in January 2011, which was around 16% below the average January 2011 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

5 ELM CLOSE Sold Prices

Land registry data shows two sales for 5 ELM CLOSE 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 5 ELM CLOSE sales were 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
2011 4 JAN	£182,500	£216,139	16% below HPI
2007 12 JUL	£185,000	£222,211	17% below HPI

5 ELM CLOSE 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 ELM CLOSE sales from July 2007 and January 2011 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 July 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the January 2011 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 5 ELM CLOSE be worth now?

5 ELM CLOSE might now be worth an estimated £309,645.

This is based on house price inflation of 69.7%, between January 2011 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 69.7% inflationary increase is applied to the most recent sale price for 5 ELM CLOSE of £182,500 on 4th January 2011. For the value to have increased from £182,500 to £309,645 over the thirteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 ELM CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The January 2011 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 5 ELM CLOSE has not materially changed since January 2011.

How Large is 5 ELM CLOSE?

5 ELM CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in March 2010. 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 ELM CLOSE lies on this distribution: 31% of detached houses houses are smaller than 5 ELM CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 ELM CLOSE: Plot and Title Map

5 ELM CLOSE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 5 ELM CLOSE, 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 ELM CLOSE). 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 ELM CLOSE?

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