SUNCREST, LADY DROVE, BARROWAY DROVE, DOWNHAM MARKET, PE38 0AQ - £275,000

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.

SUNCREST is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £284,609. It was last sold for £275,000 in February 2022, which was around 22% below the average February 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was F, and the potential energy rating was E.

SUNCREST Sold Prices

Land registry data shows three sales for SUNCREST since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three SUNCREST 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
2022 3 FEB	£275,000	£354,339	22% below HPI
2018 15 JUN	£135,000	£285,474	53% below HPI
2003 12 MAR	£128,000	£147,744	13% below HPI

SUNCREST 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 three SUNCREST sales between March 2003 and February 2022 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 June 2018 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might SUNCREST be worth now?

SUNCREST might now be worth an estimated £284,609.

This is based on house price inflation of 3.5%, between February 2022 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 3.5% inflationary increase is applied to the most recent sale price for SUNCREST of £275,000 on 3rd February 2022. For the value to have increased from £275,000 to £284,609 over the three years to February 2025, the following assumptions must hold true:

• The value of SUNCREST has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The February 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of SUNCREST has not materially changed since February 2022.

How Large is SUNCREST?

SUNCREST is 77m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% 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 SUNCREST lies on this distribution: 10% of detached houses houses are smaller than SUNCREST, and 90% of houses are larger. Note that EPC data is not available for all properties in Barroway Drove.

SUNCREST: Plot and Title Map

SUNCREST sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of SUNCREST, 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 SUNCREST). 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 SUNCREST?

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