36, PARK LANE, DOWNHAM MARKET, PE38 9SH - £240,000

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

36 PARK LANE is a very small detached house of 61m², built sometime between 1991 and 1995. It was last sold for £240,000 in June 2021, which was around 25% below the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

36 PARK LANE Sold Prices

Land registry data shows four sales for 36 PARK LANE 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 36 PARK LANE 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
2021 29 JUN	£240,000	£321,785	25% below HPI
2013 21 JUN	£165,000	£206,112	20% below HPI
2001 26 NOV	£85,000	£111,991	24% below HPI
1998 12 JAN	£55,950	£71,748	22% below HPI

36 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 four 36 PARK LANE sales between January 1998 and June 2021 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 June 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 36 PARK LANE?

36 PARK LANE is 61m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% 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 36 PARK LANE lies on this distribution: 10% of detached houses are smaller than 36 PARK LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

36 PARK LANE: Plot and Title Map

36 PARK LANE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 36 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 36 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 36 PARK LANE?

36 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 36 on PARK LANE.