50, PARADISE ROAD, DOWNHAM MARKET, PE38 9JE - £175,000

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

50 PARADISE ROAD is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £175,000 in August 2019, which was around 41% below the average August 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

50 PARADISE ROAD Sold Prices

Land registry data shows two sales for 50 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 50 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
2019 13 AUG	£175,000	£296,171	41% below HPI
1999 29 NOV	£64,000	£86,328	26% below HPI

50 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 50 PARADISE ROAD sales from November 1999 and August 2019 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 November 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2019 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 50 PARADISE ROAD?

50 PARADISE ROAD is 70m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% 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 50 PARADISE ROAD lies on this distribution: 19% of detached houses are smaller than 50 PARADISE ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

50 PARADISE ROAD: Plot and Title Map

50 PARADISE ROAD sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 50 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 50 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 50 PARADISE ROAD?

50 PARADISE ROAD is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 50 on PARADISE ROAD.