5, THE PADDOCKS, SETCHEY, KING'S LYNN, PE33 0BX - £402,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 THE PADDOCKS is a very large extended detached house of 225m², built sometime from 2007 onwards, which could now be worth an estimated £584,973. It was last sold for £402,500 in June 2016, which was around 56% above the average June 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

5 THE PADDOCKS Sold Prices

Land registry data shows three sales for 5 THE PADDOCKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Two of the three 5 THE PADDOCKS sales were for above the average price, whilst one was 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 14 JUN	£402,500	£257,416	56% above HPI
2007 21 SEP	£339,950	£223,004	52% above HPI
2004 15 OCT	£40,000	£191,803	79% below 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 three 5 THE PADDOCKS sales between October 2004 and June 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 September 2007 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the June 2016 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 5 THE PADDOCKS be worth now?

5 THE PADDOCKS might now be worth an estimated £584,973.

This is based on house price inflation of 45.3%, between June 2016 and December 2024, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.3% inflationary increase is applied to the most recent sale price for 5 THE PADDOCKS of £402,500 on 14th June 2016. For the value to have increased from £402,500 to £584,973 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 5 THE PADDOCKS has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2016 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE PADDOCKS has not materially changed since June 2016.

How Large is 5 THE PADDOCKS?

5 THE PADDOCKS is 225m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the largest 20% of detached houses houses in Setchey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Setchey, and where 5 THE PADDOCKS lies on this distribution: 88% of detached houses houses are smaller than 5 THE PADDOCKS, and 12% of houses are larger. Note that EPC data is not available for all properties in Setchey.

5 THE PADDOCKS: Plot and Title Map

5 THE PADDOCKS sits on a plot of roughly 0.189 of an acre, or 764m². 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 SETCHEY, in the PE33 postcode district. The below map shows the position of No. 5 on THE PADDOCKS.