5, WINGFIELDS, DOWNHAM MARKET, PE38 9AR - £350,000

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 WINGFIELDS is a very large detached house of 186m², built sometime between 2003 and 2006, which could now be worth an estimated £357,440. It was last sold for £350,000 in April 2022, which was around 3% below the average April 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

5 WINGFIELDS Sold Prices

Land registry data shows three sales for 5 WINGFIELDS 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. One of the three 5 WINGFIELDS sales was for below the average price, whilst two 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
2022 29 APR	£350,000	£359,087	3% below HPI
2011 3 OCT	£281,500	£206,228	36% above HPI
2004 28 FEB	£284,000	£173,240	64% above HPI

5 WINGFIELDS 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 WINGFIELDS sales between February 2004 and April 2022 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 October 2011 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the April 2022 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 5 WINGFIELDS be worth now?

5 WINGFIELDS might now be worth an estimated £357,440.

This is based on house price inflation of 2.1%, between April 2022 and February 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 2.1% inflationary increase is applied to the most recent sale price for 5 WINGFIELDS of £350,000 on 29th April 2022. For the value to have increased from £350,000 to £357,440 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 5 WINGFIELDS has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The April 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WINGFIELDS has not materially changed since April 2022.

How Large is 5 WINGFIELDS?

5 WINGFIELDS is 186m² according to the EPC inspection conducted in October 2022. This puts it in the largest 10% 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 WINGFIELDS lies on this distribution: 96% of detached houses houses are smaller than 5 WINGFIELDS, and 4% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

5 WINGFIELDS: Plot and Title Map

5 WINGFIELDS sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 5 WINGFIELDS, 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 WINGFIELDS). 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 WINGFIELDS?

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