3, HORSEMAN CLOSE, DOWNHAM MARKET, PE38 9GB - £217,500

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

3 HORSEMAN CLOSE is a small detached house of 76m². It was last sold for £217,500 in October 2019, which was around 26% below the average October 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was A.

3 HORSEMAN CLOSE Sold Prices

Land registry data shows two sales for 3 HORSEMAN 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 HORSEMAN 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
2019 18 OCT	£217,500	£294,723	26% below HPI
2016 16 DEC	£189,995	£265,095	28% below HPI

3 HORSEMAN 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 HORSEMAN CLOSE sales from December 2016 and October 2019 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 December 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 HORSEMAN CLOSE?

3 HORSEMAN CLOSE is 76m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 30% 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 HORSEMAN CLOSE lies on this distribution: 26% of detached houses are smaller than 3 HORSEMAN CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

3 HORSEMAN CLOSE: Plot and Title Map

3 HORSEMAN CLOSE sits on a plot of roughly 0.046 of an acre, or 184m². The below map shows the location of 3 HORSEMAN 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 HORSEMAN 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 HORSEMAN CLOSE?

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