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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 THE TOWERS is a large detached house of 124m², built sometime between 1976 and 1982, which could now be worth an estimated £409,669. It was last sold for £375,000 in March 2021, which was around 15% 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	£324,917	15% above HPI
2000 25 AUG	£102,000	£96,330	6% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 9 THE TOWERS be worth now?

9 THE TOWERS might now be worth an estimated £409,669.

This is based on house price inflation of 9.2%, between March 2021 and June 2025, 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 9.2% inflationary increase is applied to the most recent sale price for 9 THE TOWERS of £375,000 on 4th March 2021. For the value to have increased from £375,000 to £409,669 over the three years and nine months to June 2025, the following assumptions must hold true:

• The value of 9 THE TOWERS has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE TOWERS has not materially changed since March 2021.

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 houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 9 THE TOWERS lies on this distribution: 78% of detached houses 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.