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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 TOWER ROAD is a small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £180,546. It was last sold for £184,000 in July 2022, which was around 50% 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	£370,660	50% below HPI
2017 26 MAY	£140,000	£278,538	50% 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 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the July 2022 sale, which was also at 50% below the HPI.

What might 4 TOWER ROAD be worth now?

4 TOWER ROAD might now be worth an estimated £180,546.

This is based on house price deflation of 1.9%, between July 2022 and March 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% deflationary decrease is applied to the most recent sale price for 4 TOWER ROAD of £184,000 on 29th July 2022. For the value to have decreased from £184,000 to £180,546 over the three years and four months to March 2025, the following assumptions must hold true:

• The value of 4 TOWER ROAD has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2022 sale price of £184,000 represented a fair market value for the property.
• The size, condition, and specification of 4 TOWER ROAD has not materially changed since July 2022.

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 houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hilgay, and where 4 TOWER ROAD lies on this distribution: 29% of detached houses 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 0.092 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.