222B, THE DROVE, BARROWAY DROVE, DOWNHAM MARKET, PE38 0AN - £525,000

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

222B THE DROVE is a large detached house of 146m², built in 2022, which could now be worth an estimated £517,112. It was last sold for £525,000 in August 2022, which was around 38% above the average August 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2022, where the current energy rating was B, and the potential energy rating was A.

222B THE DROVE Sold Prices

Land registry data shows two sales for 222B THE DROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. One of the two 222B THE DROVE sales was for above the average price, whilst the other was 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 18 AUG	£525,000	£379,822	38% above HPI
2021 30 APR	£125,000	£327,796	62% below HPI

222B THE DROVE 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 two 222B THE DROVE sales from April 2021 and August 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 April 2021 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the August 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 222B THE DROVE be worth now?

222B THE DROVE might now be worth an estimated £517,112.

This is based on house price deflation of 1.5%, between August 2022 and December 2024, 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 1.5% deflationary decrease is applied to the most recent sale price for 222B THE DROVE of £525,000 on 18th August 2022. For the value to have decreased from £525,000 to £517,112 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 222B THE DROVE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 222B THE DROVE has not materially changed since August 2022.

How Large is 222B THE DROVE?

222B THE DROVE is 146m² according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses houses in Barroway Drove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barroway Drove, and where 222B THE DROVE lies on this distribution: 61% of detached houses houses are smaller than 222B THE DROVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Barroway Drove.

222B THE DROVE: Plot and Title Map

222B THE DROVE sits on a plot of roughly 0.216 of an acre, or 873m². The below map shows the location of 222B THE DROVE, 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 222B THE DROVE). 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 222B THE DROVE?

222B THE DROVE is located in BARROWAY DROVE, in the PE38 postcode district. The below map shows the position of No. 222B on THE DROVE.