5, SHELLEY CLOSE, DOWNHAM MARKET, PE38 9QR - £140,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

5 SHELLEY CLOSE is a small extended detached house of 84m², built sometime between 1996 and 2002. It was last sold for £140,000 in May 2004, which was around 18% below the average May 2004 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

5 SHELLEY CLOSE Sold Prices

Land registry data shows two sales for 5 SHELLEY 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 SHELLEY 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
2004 28 MAY	£140,000	£170,835	18% below HPI
2001 10 AUG	£92,000	£107,883	15% below HPI

5 SHELLEY 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 SHELLEY CLOSE sales from August 2001 and May 2004 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 August 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2004 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 SHELLEY CLOSE?

5 SHELLEY CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the smallest 40% 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 SHELLEY CLOSE lies on this distribution: 37% of detached houses are smaller than 5 SHELLEY CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 SHELLEY CLOSE: Plot and Title Map

5 SHELLEY CLOSE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 5 SHELLEY 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 SHELLEY 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 SHELLEY CLOSE?

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