57, RECREATION DRIVE, SOUTHERY, DOWNHAM MARKET, PE38 0NB - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

57 RECREATION DRIVE is a small extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £275,475. It was last sold for £275,000 in October 2024, which was around 26% below the average October 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2024, where the current energy rating was E, and the potential energy rating was C.

57 RECREATION DRIVE Sold Prices

Land registry data shows three sales for 57 RECREATION DRIVE 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. All of the three 57 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 21 OCT	£275,000	£373,470	26% below HPI
2020 29 MAY	£225,000	£302,340	26% below HPI
2007 25 MAY	£185,000	£216,348	14% below HPI

57 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 three 57 RECREATION DRIVE sales between May 2007 and October 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 May 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2024 sale, which was also at 26% below the HPI.

What might 57 RECREATION DRIVE be worth now?

57 RECREATION DRIVE might now be worth an estimated £275,475.

This is based on house price inflation of 0.2%, between October 2024 and December 2024, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% inflationary increase is applied to the most recent sale price for 57 RECREATION DRIVE of £275,000 on 21st October 2024. For the value to have increased from £275,000 to £275,475 over the ten months to December 2024, the following assumptions must hold true:

• The value of 57 RECREATION DRIVE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The October 2024 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 57 RECREATION DRIVE has not materially changed since October 2024.

How Large is 57 RECREATION DRIVE?

57 RECREATION DRIVE is 101m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 40% of detached houses houses in Southery, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southery, and where 57 RECREATION DRIVE lies on this distribution: 39% of detached houses houses are smaller than 57 RECREATION DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Southery.

57 RECREATION DRIVE: Plot and Title Map

57 RECREATION DRIVE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 57 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 57 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 57 RECREATION DRIVE?

57 RECREATION DRIVE is located in SOUTHERY, in the PE38 postcode district. The below map shows the position of No. 57 on RECREATION DRIVE.