RUSSELL HOUSE, ELY ROAD, HILGAY, DOWNHAM MARKET, PE38 0JN - £175,000

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

RUSSELL HOUSE is a small extended detached house of 85m², built sometime between 1976 and 1982. It was last sold for £175,000 in July 2012, which was around 14% below the average July 2012 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

RUSSELL HOUSE Sold Prices

Land registry data shows three sales for RUSSELL HOUSE 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. All of the three RUSSELL HOUSE 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
2012 3 JUL	£175,000	£203,530	14% below HPI
2007 13 APR	£191,500	£207,487	8% below HPI
2006 28 APR	£180,000	£189,588	5% below HPI

RUSSELL HOUSE 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 RUSSELL HOUSE sales between April 2006 and July 2012 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 April 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2012 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is RUSSELL HOUSE?

RUSSELL HOUSE is 85m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 30% of detached houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses by size in Hilgay, and where RUSSELL HOUSE lies on this distribution: 25% of detached houses are smaller than RUSSELL HOUSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Hilgay.

RUSSELL HOUSE: Plot and Title Map

RUSSELL HOUSE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of RUSSELL HOUSE, 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 RUSSELL HOUSE). 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 RUSSELL HOUSE?

RUSSELL HOUSE is located on ELY ROAD in HILGAY, in the PE38 postcode district. The below map shows the position of RUSSELL HOUSE on ELY ROAD.