3, FLAX CLOSE, DOWNHAM MARKET, PE38 9TL - £188,000

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

3 FLAX CLOSE is a midsized detached house of 101m², built sometime between 2003 and 2006. It was last sold for £188,000 in January 2013, which was around 8% below the average January 2013 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 FLAX CLOSE Sold Prices

Land registry data shows two sales for 3 FLAX 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 3 FLAX 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
2013 11 JAN	£188,000	£204,486	8% below HPI
2003 8 OCT	£63,102	£167,921	62% below HPI

3 FLAX 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 3 FLAX CLOSE sales from October 2003 and January 2013 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 2003 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the January 2013 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 3 FLAX CLOSE?

3 FLAX CLOSE is 101m² according to the EPC inspection conducted in October 2014. This puts it in the largest 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 3 FLAX CLOSE lies on this distribution: 54% of detached houses are smaller than 3 FLAX CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

3 FLAX CLOSE: Plot and Title Map

3 FLAX CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 3 FLAX 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 3 FLAX 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 3 FLAX CLOSE?

3 FLAX CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 3 on FLAX CLOSE.