47, RECREATION DRIVE, SOUTHERY, DOWNHAM MARKET, PE38 0NB - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

47 RECREATION DRIVE is a very small extended detached house of 77m², built sometime between 1930 and 1949. It was last sold for £165,000 in August 2024, which was around 54% below the average August 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

47 RECREATION DRIVE Sold Prices

Land registry data shows two sales for 47 RECREATION DRIVE 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 47 RECREATION DRIVE 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
2024 16 AUG	£165,000	£357,764	54% below HPI
2007 4 APR	£149,000	£207,487	28% below HPI

47 RECREATION DRIVE 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 47 RECREATION DRIVE sales from April 2007 and August 2024 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 April 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2024 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 47 RECREATION DRIVE?

47 RECREATION DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Southery, based on EPC data. The below chart shows the distribution of detached houses by size in Southery, and where 47 RECREATION DRIVE lies on this distribution: 16% of detached houses are smaller than 47 RECREATION DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Southery.

47 RECREATION DRIVE: Plot and Title Map

47 RECREATION DRIVE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 47 RECREATION DRIVE, 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 47 RECREATION DRIVE). 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 47 RECREATION DRIVE?

47 RECREATION DRIVE is located in SOUTHERY, in the PE38 postcode district. The below map shows the position of No. 47 on RECREATION DRIVE.