9, THE TOWERS, DOWNHAM MARKET, PE38 9AE - £375,000

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

9 THE TOWERS is a large detached house of 124m², built sometime between 1976 and 1982. It was last sold for £375,000 in March 2021, which was around 19% above the average March 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was B.

9 THE TOWERS Sold Prices

Land registry data shows two sales for 9 THE TOWERS 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 9 THE TOWERS sales were for above 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 4 MAR	£375,000	£316,180	19% above HPI
2000 25 AUG	£102,000	£93,740	9% above HPI

9 THE TOWERS 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 9 THE TOWERS sales from August 2000 and March 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 August 2000 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 9 THE TOWERS?

9 THE TOWERS is 124m² according to the EPC inspection conducted in October 2020. This puts it in the largest 30% 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 9 THE TOWERS lies on this distribution: 78% of detached houses are smaller than 9 THE TOWERS, and 22% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

9 THE TOWERS: Plot and Title Map

9 THE TOWERS sits on a plot of roughly 0.248 of an acre, or 1,002m². The below map shows the location of 9 THE TOWERS, 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 9 THE TOWERS). 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 9 THE TOWERS?

9 THE TOWERS is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 9 on THE TOWERS.