3, PARK LANE, DOWNHAM MARKET, PE38 9RN - £325,000

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 PARK LANE is a midsized extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £325,000 in December 2020, which was around 3% above the average December 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

3 PARK LANE Sold Prices

Land registry data shows three sales for 3 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Two of the three 3 PARK LANE sales were for above the average price, whilst one was 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
2020 9 DEC	£325,000	£316,520	3% above HPI
2013 4 OCT	£245,000	£212,766	15% above HPI
2004 30 APR	£163,000	£168,073	3% below HPI

3 PARK LANE 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 three 3 PARK LANE sales between April 2004 and December 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 October 2013 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 3 PARK LANE?

3 PARK LANE is 99m², which includes one extension, according to the EPC inspection conducted in April 2013. 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 PARK LANE lies on this distribution: 53% of detached houses are smaller than 3 PARK LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

3 PARK LANE: Plot and Title Map

3 PARK LANE sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 3 PARK LANE, 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 PARK LANE). 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 PARK LANE?

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