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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LOWRY WAY is a midsized detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £301,162. It was last sold for £245,000 in February 2020, which was around 18% 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	£298,332	18% below HPI
2008 27 OCT	£175,000	£212,532	18% below HPI
2003 30 MAY	£142,995	£152,112	6% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2020 sale, which was also at 18% below the HPI.

What might 2 LOWRY WAY be worth now?

2 LOWRY WAY might now be worth an estimated £301,162.

This is based on house price inflation of 22.9%, between February 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 22.9% inflationary increase is applied to the most recent sale price for 2 LOWRY WAY of £245,000 on 21st February 2020. For the value to have increased from £245,000 to £301,162 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 LOWRY WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWRY WAY has not materially changed since February 2020.

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 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 LOWRY WAY lies on this distribution: 46% of detached houses 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.