4, PARSLEY WAY, DOWNHAM MARKET, PE38 9UN - £280,000

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

4 PARSLEY WAY is a large detached house of 124m², built sometime between 2003 and 2006. It was last sold for £280,000 in July 2018, which was around 2% below the average July 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

4 PARSLEY WAY Sold Prices

Land registry data shows three sales for 4 PARSLEY WAY 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 4 PARSLEY WAY sales were for below the average price, whilst one 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
2018 30 JUL	£280,000	£286,069	2% below HPI
2014 29 AUG	£200,000	£224,071	11% below HPI
2004 30 SEP	£194,995	£185,640	5% above HPI

4 PARSLEY WAY 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 4 PARSLEY WAY sales between September 2004 and July 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 August 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2018 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 4 PARSLEY WAY?

4 PARSLEY WAY is 124m² according to the EPC inspection conducted in November 2013. This puts it in the largest 30% 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 4 PARSLEY WAY lies on this distribution: 78% of detached houses are smaller than 4 PARSLEY WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

4 PARSLEY WAY: Plot and Title Map

4 PARSLEY WAY sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 4 PARSLEY WAY, 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 4 PARSLEY WAY). 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 4 PARSLEY WAY?

4 PARSLEY WAY is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 4 on PARSLEY WAY.