18, PARK LANE, DOWNHAM MARKET, PE38 9SH - £265,000

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.

18 PARK LANE is a very small extended detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £253,205. It was last sold for £265,000 in September 2022, which was around 31% below the average September 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

18 PARK LANE Sold Prices

Land registry data shows three sales for 18 PARK LANE 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 18 PARK LANE 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
2022 2 SEP	£265,000	£383,803	31% below HPI
2016 16 MAR	£195,000	£262,528	26% below HPI
2004 5 MAY	£133,000	£175,555	24% below HPI

18 PARK LANE 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 18 PARK LANE sales between May 2004 and September 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 March 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 18 PARK LANE be worth now?

18 PARK LANE might now be worth an estimated £253,205.

This is based on house price deflation of 4.5%, between September 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 4.5% deflationary decrease is applied to the most recent sale price for 18 PARK LANE of £265,000 on 2nd September 2022. For the value to have decreased from £265,000 to £253,205 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 18 PARK LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The September 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PARK LANE has not materially changed since September 2022.

How Large is 18 PARK LANE?

18 PARK LANE is 66m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% 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 18 PARK LANE lies on this distribution: 16% of detached houses houses are smaller than 18 PARK LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

18 PARK LANE: Plot and Title Map

18 PARK LANE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 18 PARK LANE, 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 18 PARK LANE). 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 18 PARK LANE?

18 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 18 on PARK LANE.