4, TOWER ROAD, HILGAY, DOWNHAM MARKET, PE38 0JS - £184,000

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 TOWER ROAD is a small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £184,000 in July 2022, which was around 49% below the average July 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

4 TOWER ROAD Sold Prices

Land registry data shows two sales for 4 TOWER ROAD 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. Both of the two 4 TOWER ROAD 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
2022 29 JUL	£184,000	£360,693	49% below HPI
2017 26 MAY	£140,000	£271,048	48% below HPI

4 TOWER ROAD 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 4 TOWER ROAD sales from May 2017 and July 2022 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 2017 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2022 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 4 TOWER ROAD?

4 TOWER ROAD is 87m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of detached houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses by size in Hilgay, and where 4 TOWER ROAD lies on this distribution: 29% of detached houses are smaller than 4 TOWER ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Hilgay.

4 TOWER ROAD: Plot and Title Map

4 TOWER ROAD sits on a plot of roughly 0.093 of an acre, or 374m². The below map shows the location of 4 TOWER ROAD, 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 TOWER ROAD). 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 TOWER ROAD?

4 TOWER ROAD is located in HILGAY, in the PE38 postcode district. The below map shows the position of No. 4 on TOWER ROAD.