31, PARK LANE, DOWNHAM MARKET, PE38 9SH - £326,000

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

31 PARK LANE is a large detached house of 109m², built sometime between 1967 and 1975. It was last sold for £326,000 in October 2018, which was around 9% above the average October 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

31 PARK LANE Sold Prices

Land registry data shows three sales for 31 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. All of the three 31 PARK LANE sales were 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
2018 26 OCT	£326,000	£297,977	9% above HPI
2013 20 NOV	£237,500	£209,457	13% above HPI
1996 26 JUL	£93,000	£61,176	52% above HPI

31 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 31 PARK LANE sales between July 1996 and October 2018 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 November 2013 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2018 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 31 PARK LANE?

31 PARK LANE is 109m² according to the EPC inspection conducted in August 2017. This puts it in the largest 40% 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 31 PARK LANE lies on this distribution: 62% of detached houses are smaller than 31 PARK LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

31 PARK LANE: Plot and Title Map

31 PARK LANE sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of 31 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 31 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 31 PARK LANE?

31 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 31 on PARK LANE.