5, RED HART CLOSE, NORDELPH, DOWNHAM MARKET, PE38 0BF - £260,000

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 RED HART CLOSE is a large detached house of 148m², built sometime between 2003 and 2006. It was last sold for £260,000 in March 2021, which was around 18% below the average March 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was C.

5 RED HART CLOSE Sold Prices

Land registry data shows five sales for 5 RED HART CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Most of the five 5 RED HART 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
2021 23 MAR	£260,000	£316,180	18% below HPI
2019 5 JUL	£235,000	£292,859	20% below HPI
2013 24 JUL	£190,000	£206,205	8% below HPI
2007 12 APR	£209,950	£207,487	1% above HPI
2005 14 DEC	£174,000	£197,755	12% below HPI

5 RED HART 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 five 5 RED HART CLOSE sales between December 2005 and March 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 July 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 RED HART CLOSE?

5 RED HART CLOSE is 148m² according to the EPC inspection conducted in September 2023. This puts it in the largest 40% of detached houses in Nordelph, based on EPC data. The below chart shows the distribution of detached houses by size in Nordelph, and where 5 RED HART CLOSE lies on this distribution: 61% of detached houses are smaller than 5 RED HART CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Nordelph.

5 RED HART CLOSE: Plot and Title Map

5 RED HART CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 5 RED HART 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 RED HART 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 RED HART CLOSE?

5 RED HART CLOSE is located in NORDELPH, in the PE38 postcode district. The below map shows the position of No. 5 on RED HART CLOSE.