24, GREENWICH CLOSE, DOWNHAM MARKET, PE38 9TZ - £355,000

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.

24 GREENWICH CLOSE is a very large detached house of 146m², built sometime between 2003 and 2006, which could now be worth an estimated £406,816. It was last sold for £355,000 in October 2020, which was around 11% above the average October 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

24 GREENWICH CLOSE Sold Prices

Land registry data shows two sales for 24 GREENWICH CLOSE 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. Both of the two 24 GREENWICH CLOSE sales were for above 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 12 OCT	£355,000	£320,011	11% above HPI
2001 9 APR	£184,675	£97,428	90% above HPI

24 GREENWICH CLOSE 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 24 GREENWICH CLOSE sales from April 2001 and October 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 April 2001 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the October 2020 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 24 GREENWICH CLOSE be worth now?

24 GREENWICH CLOSE might now be worth an estimated £406,816.

This is based on house price inflation of 14.6%, between October 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 14.6% inflationary increase is applied to the most recent sale price for 24 GREENWICH CLOSE of £355,000 on 12th October 2020. For the value to have increased from £355,000 to £406,816 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 GREENWICH CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The October 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GREENWICH CLOSE has not materially changed since October 2020.

How Large is 24 GREENWICH CLOSE?

24 GREENWICH CLOSE is 146m² according to the EPC inspection conducted in November 2014. This puts it in the largest 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 24 GREENWICH CLOSE lies on this distribution: 89% of detached houses houses are smaller than 24 GREENWICH CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

24 GREENWICH CLOSE: Plot and Title Map

24 GREENWICH CLOSE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 24 GREENWICH CLOSE, 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 24 GREENWICH CLOSE). 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 24 GREENWICH CLOSE?

24 GREENWICH CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 24 on GREENWICH CLOSE.