5, THE PADDOCKS, DOWNHAM MARKET, PE38 9JA - £235,000

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 THE PADDOCKS is a midsized extended detached house of 107m², built sometime between 1983 and 1990. It was last sold for £235,000 in January 2018, which was around 18% below the average January 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

5 THE PADDOCKS Sold Prices

Land registry data shows two sales for 5 THE PADDOCKS 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. One of the two 5 THE PADDOCKS sales was for below the average price, whilst the other was for above 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
2018 11 JAN	£235,000	£285,640	18% below HPI
1995 30 JUN	£61,000	£60,317	1% above HPI

5 THE PADDOCKS 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 THE PADDOCKS sales from June 1995 and January 2018 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 June 1995 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 THE PADDOCKS?

5 THE PADDOCKS is 107m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 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 THE PADDOCKS lies on this distribution: 60% of detached houses are smaller than 5 THE PADDOCKS, and 39% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 THE PADDOCKS: Plot and Title Map

5 THE PADDOCKS sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 5 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

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