HERMITAGE, LADY DROVE, BARROWAY DROVE, DOWNHAM MARKET, PE38 0AQ - £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.

HERMITAGE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £364,698. It was last sold for £375,000 in March 2023, which was around 1% below the average March 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

HERMITAGE Sold Prices

Land registry data shows two sales for HERMITAGE 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 HERMITAGE 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
2023 31 MAR	£375,000	£377,079	1% below HPI
2014 6 AUG	£228,950	£230,262	1% below HPI

HERMITAGE 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 HERMITAGE sales from August 2014 and March 2023 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2023 sale, which was also at 1% below the HPI.

What might HERMITAGE be worth now?

HERMITAGE might now be worth an estimated £364,698.

This is based on house price deflation of 2.7%, between March 2023 and February 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 2.7% deflationary decrease is applied to the most recent sale price for HERMITAGE of £375,000 on 31st March 2023. For the value to have decreased from £375,000 to £364,698 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of HERMITAGE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The March 2023 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of HERMITAGE has not materially changed since March 2023.

How Large is HERMITAGE?

HERMITAGE is 115m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses houses in Barroway Drove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barroway Drove, and where HERMITAGE lies on this distribution: 44% of detached houses houses are smaller than HERMITAGE, and 56% of houses are larger. Note that EPC data is not available for all properties in Barroway Drove.

HERMITAGE: Plot and Title Map

HERMITAGE sits on a plot of roughly 0.184 of an acre, or 745m². The below map shows the location of HERMITAGE, 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 HERMITAGE). 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 HERMITAGE?

HERMITAGE is located on LADY DROVE in BARROWAY DROVE, in the PE38 postcode district. The below map shows the position of HERMITAGE on LADY DROVE.