40, PARK LANE, DOWNHAM MARKET, PE38 9SH - £185,000

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

40 PARK LANE is a very small detached house of 50m², built sometime between 1976 and 1982. It was last sold for £185,000 in April 2022, which was around 47% below the average April 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

40 PARK LANE Sold Prices

Land registry data shows five sales for 40 PARK LANE since 1^st January 1995. The below table shows the price paid for the five 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 five 40 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
2022 6 APR	£185,000	£349,431	47% below HPI
2018 31 MAY	£172,000	£278,734	38% below HPI
2016 30 SEP	£150,000	£257,512	42% below HPI
1999 8 JUN	£49,950	£77,832	36% below HPI
1997 27 JUN	£37,500	£66,822	44% below HPI

40 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 five 40 PARK LANE sales between June 1997 and April 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 2018 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2022 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 40 PARK LANE?

40 PARK LANE is 50m² according to the EPC inspection conducted in July 2016. 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 40 PARK LANE lies on this distribution: 1% of detached houses are smaller than 40 PARK LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

40 PARK LANE: Plot and Title Map

40 PARK LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 40 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 40 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 40 PARK LANE?

40 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 40 on PARK LANE.