2, LOWRY WAY, DOWNHAM MARKET, PE38 9NQ - £245,000

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

2 LOWRY WAY is a midsized detached house of 92m², built sometime between 1996 and 2002. It was last sold for £245,000 in February 2020, which was around 16% below the average February 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

2 LOWRY WAY Sold Prices

Land registry data shows three sales for 2 LOWRY WAY 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 2 LOWRY 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 21 FEB	£245,000	£290,310	16% below HPI
2008 27 OCT	£175,000	£206,817	15% below HPI
2003 30 MAY	£142,995	£148,022	3% below HPI

2 LOWRY 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 three 2 LOWRY WAY sales between May 2003 and February 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 October 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 LOWRY WAY?

2 LOWRY WAY is 92m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% 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 2 LOWRY WAY lies on this distribution: 46% of detached houses are smaller than 2 LOWRY WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

2 LOWRY WAY: Plot and Title Map

2 LOWRY WAY sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 2 LOWRY 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 LOWRY 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 LOWRY WAY?

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