7, NILE ROAD, DOWNHAM MARKET, PE38 9SA - £425,000

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

7 NILE ROAD is a large extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £425,000 in August 2024, which was around 19% above the average August 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

7 NILE ROAD Sold Prices

Land registry data shows four sales for 7 NILE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Most of the four 7 NILE 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
2024 27 AUG	£425,000	£357,764	19% above HPI
2023 20 OCT	£215,000	£369,606	42% below HPI
2011 26 AUG	£137,500	£198,901	31% below HPI
1999 19 FEB	£57,750	£74,916	23% below HPI

7 NILE 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 four 7 NILE ROAD sales between February 1999 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 October 2023 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2024 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 7 NILE ROAD?

7 NILE ROAD is 112m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 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 7 NILE ROAD lies on this distribution: 65% of detached houses are smaller than 7 NILE ROAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

7 NILE ROAD: Plot and Title Map

7 NILE ROAD sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 7 NILE 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 7 NILE 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 7 NILE ROAD?

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