11, FLAX CLOSE, DOWNHAM MARKET, PE38 9TL - £375,000

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

11 FLAX CLOSE is a very large extended detached house of 134m², built sometime between 2003 and 2006. It was last sold for £375,000 in August 2019, which was around 27% above the average August 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

11 FLAX CLOSE Sold Prices

Land registry data shows two sales for 11 FLAX CLOSE since 1^st January 1995. The below table shows the price paid for the two 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 two 11 FLAX CLOSE sales was for above the average price, whilst the other was 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
2019 2 AUG	£375,000	£296,171	27% above HPI
2003 22 MAY	£93,020	£148,022	37% below HPI

11 FLAX CLOSE 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 two 11 FLAX CLOSE sales from May 2003 and August 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 May 2003 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2019 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 11 FLAX CLOSE?

11 FLAX CLOSE is 134m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% 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 11 FLAX CLOSE lies on this distribution: 84% of detached houses are smaller than 11 FLAX CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

11 FLAX CLOSE: Plot and Title Map

11 FLAX CLOSE sits on a plot of roughly 0.188 of an acre, or 759m². The below map shows the location of 11 FLAX CLOSE, 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 11 FLAX CLOSE). 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 11 FLAX CLOSE?

11 FLAX CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 11 on FLAX CLOSE.