5, WALLACE TWITE WAY, DERSINGHAM, KING'S LYNN, PE31 6XY - £220,000

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 WALLACE TWITE WAY is a very small detached house of 59m², built sometime between 1983 and 1990, which could now be worth an estimated £226,841. It was last sold for £220,000 in March 2024, which was around 39% below the average March 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

5 WALLACE TWITE WAY Sold Prices

Land registry data shows four sales for 5 WALLACE TWITE WAY 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 WALLACE TWITE WAY 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
2024 28 MAR	£220,000	£362,833	39% below HPI
2003 20 NOV	£136,500	£167,193	18% below HPI
1999 6 AUG	£60,000	£85,063	29% below HPI
1996 19 NOV	£58,950	£65,607	10% below HPI

5 WALLACE TWITE WAY 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 WALLACE TWITE WAY sales between November 1996 and March 2024 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 November 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2024 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 5 WALLACE TWITE WAY be worth now?

5 WALLACE TWITE WAY might now be worth an estimated £226,841.

This is based on house price inflation of 3.1%, between March 2024 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 3.1% inflationary increase is applied to the most recent sale price for 5 WALLACE TWITE WAY of £220,000 on 28th March 2024. For the value to have increased from £220,000 to £226,841 over the three months to December 2024, the following assumptions must hold true:

• The value of 5 WALLACE TWITE WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WALLACE TWITE WAY has not materially changed since March 2024.

How Large is 5 WALLACE TWITE WAY?

5 WALLACE TWITE WAY is 59m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses houses in Dersingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dersingham, and where 5 WALLACE TWITE WAY lies on this distribution: 4% of detached houses houses are smaller than 5 WALLACE TWITE WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Dersingham.

5 WALLACE TWITE WAY: Plot and Title Map

5 WALLACE TWITE WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 5 WALLACE TWITE WAY, 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 WALLACE TWITE WAY). 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 WALLACE TWITE WAY?

5 WALLACE TWITE WAY is located in DERSINGHAM, in the PE31 postcode district. The below map shows the position of No. 5 on WALLACE TWITE WAY.