12, SORREL WAY, DOWNHAM MARKET, PE38 9UD - £285,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 SORREL WAY is a midsized detached house of 107m², built sometime between 1996 and 2002, which could now be worth an estimated £322,781. It was last sold for £285,000 in July 2021, which was around 12% below the average July 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

12 SORREL WAY Sold Prices

Land registry data shows two sales for 12 SORREL WAY 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 12 SORREL WAY sales was for below the average price, whilst the other was 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
2021 30 JUL	£285,000	£323,796	12% below HPI
2005 18 MAY	£235,000	£193,295	22% above HPI

12 SORREL 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 two 12 SORREL WAY sales from May 2005 and July 2021 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 2005 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the July 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 12 SORREL WAY be worth now?

12 SORREL WAY might now be worth an estimated £322,781.

This is based on house price inflation of 13.3%, between July 2021 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 13.3% inflationary increase is applied to the most recent sale price for 12 SORREL WAY of £285,000 on 30th July 2021. For the value to have increased from £285,000 to £322,781 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 12 SORREL WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SORREL WAY has not materially changed since July 2021.

How Large is 12 SORREL WAY?

12 SORREL WAY is 107m² according to the EPC inspection conducted in November 2019. This puts it in the largest 40% 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 12 SORREL WAY lies on this distribution: 60% of detached houses houses are smaller than 12 SORREL WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

12 SORREL WAY: Plot and Title Map

12 SORREL WAY sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 12 SORREL 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 12 SORREL 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 12 SORREL WAY?

12 SORREL WAY is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 12 on SORREL WAY.