8, FLAX CLOSE, DOWNHAM MARKET, PE38 9TL - £249,950

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

8 FLAX CLOSE is a midsized detached house of 107m², built sometime between 1996 and 2002. It was last sold for £249,950 in September 2014, which was around 10% above the average September 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

8 FLAX CLOSE Sold Prices

Land registry data shows two sales for 8 FLAX CLOSE 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. One of the two 8 FLAX CLOSE sales was for above the average price, whilst the other was 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
2014 25 SEP	£249,950	£227,189	10% above HPI
2003 4 NOV	£77,042	£162,697	53% below HPI

8 FLAX CLOSE 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 8 FLAX CLOSE sales from November 2003 and September 2014 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 2003 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the September 2014 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 8 FLAX CLOSE?

8 FLAX CLOSE is 107m² according to the EPC inspection conducted in October 2014. 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 8 FLAX CLOSE lies on this distribution: 60% of detached houses are smaller than 8 FLAX CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

8 FLAX CLOSE: Plot and Title Map

8 FLAX CLOSE sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 8 FLAX CLOSE, 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 8 FLAX CLOSE). 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 8 FLAX CLOSE?

8 FLAX CLOSE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 8 on FLAX CLOSE.