5, SYON CLOSE, DOWNHAM MARKET, PE38 9SY - £155,000

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 SYON CLOSE is a very small semi-detached house of 53m², built sometime between 1976 and 1982. It was last sold for £155,000 in March 2016, which was around 39% below the average March 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

5 SYON CLOSE Sold Prices

Land registry data shows two sales for 5 SYON 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 SYON 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
2016 31 MAR	£155,000	£255,469	39% below HPI
1998 18 DEC	£55,000	£73,848	26% below HPI

5 SYON 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 SYON CLOSE sales from December 1998 and March 2016 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 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2016 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 5 SYON CLOSE?

5 SYON CLOSE is 53m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% 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 SYON CLOSE lies on this distribution: 1% of detached houses are smaller than 5 SYON CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 SYON CLOSE: Plot and Title Map

5 SYON CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 5 SYON 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 SYON 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 SYON CLOSE?

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