PARK LODGE, MILL LANE, DOWNHAM MARKET, PE38 9QT - £460,000

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

PARK LODGE is a very large extended detached house of 274m², built sometime between 1996 and 2002. It was last sold for £460,000 in May 2021, which was around 46% above the average May 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was C.

PARK LODGE Sold Prices

Land registry data shows five sales for PARK LODGE since 1^st January 1995. The below table shows the price paid for the five 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 five PARK LODGE 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 11 MAY	£460,000	£315,796	46% above HPI
2018 19 JAN	£435,000	£285,640	52% above HPI
2013 11 OCT	£355,000	£212,766	67% above HPI
2003 3 MAR	£291,500	£143,771	103% above HPI
2000 18 AUG	£42,250	£93,740	55% below HPI

PARK LODGE 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 five PARK LODGE sales between August 2000 and May 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 January 2018 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the May 2021 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is PARK LODGE?

PARK LODGE is 274m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% 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 PARK LODGE lies on this distribution: 99% of detached houses are smaller than PARK LODGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

PARK LODGE: Plot and Title Map

PARK LODGE sits on a plot of roughly 0.293 of an acre, or 1,186m². The below map shows the location of PARK LODGE, 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 PARK LODGE). 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 PARK LODGE?

PARK LODGE is located on MILL LANE in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of PARK LODGE on MILL LANE.