2, ALEXANDRA WAY, DOWNHAM MARKET, PE38 9TF - £192,000

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.

2 ALEXANDRA WAY is a very small detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £226,499. It was last sold for £192,000 in September 2020, which was around 38% below the average September 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 ALEXANDRA WAY Sold Prices

Land registry data shows four sales for 2 ALEXANDRA WAY since 1^st January 1995. The below table shows the price paid for the four 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 four 2 ALEXANDRA WAY 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
2020 17 SEP	£192,000	£310,863	38% below HPI
2018 17 SEP	£177,000	£306,703	42% below HPI
1996 20 DEC	£49,500	£64,074	23% below HPI
1995 24 NOV	£54,850	£58,998	7% below HPI

2 ALEXANDRA 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 four 2 ALEXANDRA WAY sales between November 1995 and September 2020 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 September 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 ALEXANDRA WAY be worth now?

2 ALEXANDRA WAY might now be worth an estimated £226,499.

This is based on house price inflation of 18%, between September 2020 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 18% inflationary increase is applied to the most recent sale price for 2 ALEXANDRA WAY of £192,000 on 17th September 2020. For the value to have increased from £192,000 to £226,499 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 ALEXANDRA WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The September 2020 sale price of £192,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALEXANDRA WAY has not materially changed since September 2020.

How Large is 2 ALEXANDRA WAY?

2 ALEXANDRA WAY is 55m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% 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 2 ALEXANDRA WAY lies on this distribution: 1% of detached houses houses are smaller than 2 ALEXANDRA WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

2 ALEXANDRA WAY: Plot and Title Map

2 ALEXANDRA WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 ALEXANDRA 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 2 ALEXANDRA 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 2 ALEXANDRA WAY?

2 ALEXANDRA WAY is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 2 on ALEXANDRA WAY.