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

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.

3 FLAX CLOSE is a midsized detached house of 101m², built sometime between 2003 and 2006, which could now be worth an estimated £328,089. It was last sold for £188,000 in January 2013, which was around 11% 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	£210,136	11% below HPI
2003 8 OCT	£63,102	£172,561	63% 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 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the January 2013 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 FLAX CLOSE be worth now?

3 FLAX CLOSE might now be worth an estimated £328,089.

This is based on house price inflation of 74.5%, between January 2013 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 74.5% inflationary increase is applied to the most recent sale price for 3 FLAX CLOSE of £188,000 on 11th January 2013. For the value to have increased from £188,000 to £328,089 over the eleven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 FLAX CLOSE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The January 2013 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FLAX CLOSE has not materially changed since January 2013.

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 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 3 FLAX CLOSE lies on this distribution: 55% of detached houses 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.