14, VICTORY ROAD, DOWNHAM MARKET, PE38 9RU - £225,000

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

14 VICTORY ROAD is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £225,000 in August 2019, which was around 24% below the average August 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

14 VICTORY ROAD Sold Prices

Land registry data shows three sales for 14 VICTORY ROAD 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 14 VICTORY ROAD 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
2019 30 AUG	£225,000	£296,171	24% below HPI
2017 13 OCT	£232,000	£285,749	19% below HPI
2016 28 OCT	£165,000	£263,996	37% below HPI

14 VICTORY ROAD 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 14 VICTORY ROAD sales between October 2016 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 October 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 14 VICTORY ROAD?

14 VICTORY ROAD is 60m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% 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 14 VICTORY ROAD lies on this distribution: 7% of detached houses are smaller than 14 VICTORY ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

14 VICTORY ROAD: Plot and Title Map

14 VICTORY ROAD sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 14 VICTORY ROAD, 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 14 VICTORY ROAD). 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 14 VICTORY ROAD?

14 VICTORY ROAD is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 14 on VICTORY ROAD.