24, SAFFRON CLOSE, DOWNHAM MARKET, PE38 9UP - £135,500

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

24 SAFFRON CLOSE is a very small detached house of 57m², built sometime between 2003 and 2006. It was last sold for £135,500 in December 2016, which was around 49% below the average December 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was C.

24 SAFFRON CLOSE Sold Prices

Land registry data shows four sales for 24 SAFFRON CLOSE 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 24 SAFFRON CLOSE 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
2016 19 DEC	£135,500	£265,095	49% below HPI
2008 25 APR	£120,000	£213,005	44% below HPI
2005 23 SEP	£108,000	£195,935	45% below HPI
2003 27 JUN	£85,000	£158,694	46% below HPI

24 SAFFRON 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 four 24 SAFFRON CLOSE sales between June 2003 and December 2016 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 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2016 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 24 SAFFRON CLOSE?

24 SAFFRON CLOSE is 57m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% 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 24 SAFFRON CLOSE lies on this distribution: 2% of detached houses are smaller than 24 SAFFRON CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

24 SAFFRON CLOSE: Plot and Title Map

24 SAFFRON CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 24 SAFFRON 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 SAFFRON 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 SAFFRON CLOSE?

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