7, GALLOW DRIVE, DOWNHAM MARKET, PE38 9RD - £227,500

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

7 GALLOW DRIVE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £227,500 in June 2021, which was around 29% below the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

7 GALLOW DRIVE Sold Prices

Land registry data shows two sales for 7 GALLOW 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 7 GALLOW 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
2021 29 JUN	£227,500	£321,785	29% below HPI
2014 10 OCT	£180,000	£229,088	21% below HPI

7 GALLOW 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 7 GALLOW DRIVE sales from October 2014 and June 2021 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 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 GALLOW DRIVE?

7 GALLOW DRIVE is 70m² according to the EPC inspection conducted in January 2016. 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 7 GALLOW DRIVE lies on this distribution: 19% of detached houses are smaller than 7 GALLOW DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

7 GALLOW DRIVE: Plot and Title Map

7 GALLOW DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 7 GALLOW 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 7 GALLOW 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 7 GALLOW DRIVE?

7 GALLOW DRIVE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 7 on GALLOW DRIVE.