5, THE TOWERS, DOWNHAM MARKET, PE38 9AE - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 THE TOWERS is a large extended detached house of 125m², built sometime between 1967 and 1975, which could now be worth an estimated £463,482. It was last sold for £390,000 in May 2019, which was around 31% above the average May 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

5 THE TOWERS Sold Prices

Land registry data shows four sales for 5 THE TOWERS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the four 5 THE TOWERS sales were 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
2019 10 MAY	£390,000	£298,680	31% above HPI
2011 4 FEB	£300,000	£215,944	39% above HPI
2006 12 JUN	£247,000	£204,645	21% above HPI
2003 27 AUG	£210,000	£169,224	24% above HPI

5 THE TOWERS 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 four 5 THE TOWERS sales between August 2003 and May 2019 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 February 2011 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the May 2019 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 5 THE TOWERS be worth now?

5 THE TOWERS might now be worth an estimated £463,482.

This is based on house price inflation of 18.8%, between May 2019 and June 2025, 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 18.8% inflationary increase is applied to the most recent sale price for 5 THE TOWERS of £390,000 on 10th May 2019. For the value to have increased from £390,000 to £463,482 over the five years and eleven months to June 2025, the following assumptions must hold true:

• The value of 5 THE TOWERS has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2019 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE TOWERS has not materially changed since May 2019.

How Large is 5 THE TOWERS?

5 THE TOWERS is 125m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 30% of detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 5 THE TOWERS lies on this distribution: 78% of detached houses houses are smaller than 5 THE TOWERS, and 21% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 THE TOWERS: Plot and Title Map

5 THE TOWERS sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of 5 THE TOWERS, 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 TOWERS). 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 TOWERS?

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