4, SAFFRON CLOSE, DOWNHAM MARKET, PE38 9UP - £272,000

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 SAFFRON CLOSE is a large detached house of 121m², built sometime between 2003 and 2006. It was last sold for £272,000 in January 2018, which was around 5% below the average January 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

4 SAFFRON CLOSE Sold Prices

Land registry data shows three sales for 4 SAFFRON CLOSE 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 SAFFRON CLOSE 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 19 JAN	£272,000	£285,640	5% below HPI
2008 15 FEB	£206,000	£220,824	7% below HPI
2003 31 OCT	£200,000	£167,921	19% above HPI

4 SAFFRON CLOSE 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 SAFFRON CLOSE sales between October 2003 and January 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 February 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2018 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 4 SAFFRON CLOSE?

4 SAFFRON CLOSE is 121m² according to the EPC inspection conducted in October 2017. 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 SAFFRON CLOSE lies on this distribution: 76% of detached houses are smaller than 4 SAFFRON CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

4 SAFFRON CLOSE: Plot and Title Map

4 SAFFRON CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 4 SAFFRON CLOSE, 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 SAFFRON CLOSE). 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 SAFFRON CLOSE?

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