3, WATERMAN LANE, HILGAY, DOWNHAM MARKET, PE38 0HY - £172,500

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 WATERMAN LANE is a very small detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £297,564. It was last sold for £172,500 in August 2010, which was around 19% below the average August 2010 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2008, where the current energy rating was E, and the potential energy rating was C.

3 WATERMAN LANE Sold Prices

Land registry data shows two sales for 3 WATERMAN LANE 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. One of the two 3 WATERMAN LANE sales was for below the average price, whilst the other was for above 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
2010 23 AUG	£172,500	£212,590	19% below HPI
1998 22 MAY	£76,000	£73,732	3% above HPI

3 WATERMAN 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 two 3 WATERMAN LANE sales from May 1998 and August 2010 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 May 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2010 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 WATERMAN LANE be worth now?

3 WATERMAN LANE might now be worth an estimated £297,564.

This is based on house price inflation of 72.5%, between August 2010 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 72.5% inflationary increase is applied to the most recent sale price for 3 WATERMAN LANE of £172,500 on 23rd August 2010. For the value to have increased from £172,500 to £297,564 over the fifteen years and six months to February 2025, the following assumptions must hold true:

• The value of 3 WATERMAN LANE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2010 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WATERMAN LANE has not materially changed since August 2010.

How Large is 3 WATERMAN LANE?

3 WATERMAN LANE is 73m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 20% of detached houses houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hilgay, and where 3 WATERMAN LANE lies on this distribution: 11% of detached houses houses are smaller than 3 WATERMAN LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Hilgay.

3 WATERMAN LANE: Plot and Title Map

3 WATERMAN LANE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 3 WATERMAN 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 WATERMAN 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 WATERMAN LANE?

3 WATERMAN LANE is located in HILGAY, in the PE38 postcode district. The below map shows the position of No. 3 on WATERMAN LANE.