3, THE PADDOCKS, DOWNHAM MARKET, PE38 9JA - £285,000

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 THE PADDOCKS is a midsized detached house of 89m², built sometime between 1976 and 1982. It was last sold for £285,000 in December 2022, which was around 25% below the average December 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

3 THE PADDOCKS Sold Prices

Land registry data shows four sales for 3 THE PADDOCKS 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 3 THE PADDOCKS 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
2022 19 DEC	£285,000	£382,303	25% below HPI
2002 23 AUG	£125,000	£136,280	8% below HPI
1999 26 MAR	£70,000	£74,529	6% below HPI
1998 5 FEB	£64,000	£70,953	10% below HPI

3 THE PADDOCKS 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 3 THE PADDOCKS sales between February 1998 and December 2022 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 August 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 THE PADDOCKS?

3 THE PADDOCKS is 89m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 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 THE PADDOCKS lies on this distribution: 43% of detached houses are smaller than 3 THE PADDOCKS, and 57% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

3 THE PADDOCKS: Plot and Title Map

3 THE PADDOCKS sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 3 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

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