48, PARADISE ROAD, DOWNHAM MARKET, PE38 9JE - £180,000

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

48 PARADISE ROAD is a small extended detached house of 81m², built sometime between 1950 and 1966. It was last sold for £180,000 in March 2020, which was around 37% below the average March 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was C.

48 PARADISE ROAD Sold Prices

Land registry data shows two sales for 48 PARADISE 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 48 PARADISE 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
2020 26 MAR	£180,000	£286,391	37% below HPI
2007 27 OCT	£124,999	£220,309	43% below HPI

48 PARADISE 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 48 PARADISE ROAD sales from October 2007 and March 2020 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 October 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2020 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 48 PARADISE ROAD?

48 PARADISE ROAD is 81m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% 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 48 PARADISE ROAD lies on this distribution: 33% of detached houses are smaller than 48 PARADISE ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

48 PARADISE ROAD: Plot and Title Map

48 PARADISE ROAD sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 48 PARADISE 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 48 PARADISE 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 48 PARADISE ROAD?

48 PARADISE ROAD is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 48 on PARADISE ROAD.