5, SILVER DRIVE, DERSINGHAM, KING'S LYNN, PE31 6YB - £310,000

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 SILVER DRIVE is a midsized detached house of 87m², built sometime between 1976 and 1982. It was last sold for £310,000 in February 2024, which was around 12% below the average February 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 SILVER DRIVE Sold Prices

Land registry data shows two sales for 5 SILVER DRIVE 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 SILVER DRIVE 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
2024 2 FEB	£310,000	£353,326	12% below HPI
2015 4 SEP	£240,000	£245,944	2% below HPI

5 SILVER DRIVE 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 SILVER DRIVE sales from September 2015 and February 2024 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 September 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2024 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 5 SILVER DRIVE?

5 SILVER DRIVE is 87m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 50% of detached houses in Dersingham, based on EPC data. The below chart shows the distribution of detached houses by size in Dersingham, and where 5 SILVER DRIVE lies on this distribution: 41% of detached houses are smaller than 5 SILVER DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Dersingham.

5 SILVER DRIVE: Plot and Title Map

5 SILVER DRIVE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 5 SILVER DRIVE, 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 SILVER DRIVE). 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 SILVER DRIVE?

5 SILVER DRIVE is located in DERSINGHAM, in the PE31 postcode district. The below map shows the position of No. 5 on SILVER DRIVE.