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

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 TOWERS is a large extended detached house of 125m², built sometime between 1967 and 1975. It was last sold for £390,000 in May 2019, which was around 34% 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	£290,649	34% above HPI
2011 4 FEB	£300,000	£210,138	43% above HPI
2006 12 JUN	£247,000	£199,143	24% above HPI
2003 27 AUG	£210,000	£164,674	28% 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 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the May 2019 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

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 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 TOWERS lies on this distribution: 78% of detached 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.