42, PARK LANE, DOWNHAM MARKET, PE38 9SH - £248,000

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

42 PARK LANE is a midsized extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £248,000 in February 2016, which was about the average February 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

42 PARK LANE Sold Prices

Land registry data shows three sales for 42 PARK LANE 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. The three 42 PARK LANE sales were a mix of roughly equal to the average price, and 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
2016 26 FEB	£248,000	£247,535	Close to HPI
2011 26 JUL	£185,000	£195,780	6% below HPI
1999 12 MAY	£50,000	£76,163	34% below HPI

42 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 three 42 PARK LANE sales between May 1999 and February 2016 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 July 2011 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2016 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 42 PARK LANE?

42 PARK LANE is 106m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 50% 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 42 PARK LANE lies on this distribution: 59% of detached houses are smaller than 42 PARK LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

42 PARK LANE: Plot and Title Map

42 PARK LANE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 42 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 42 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 42 PARK LANE?

42 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 42 on PARK LANE.