THE NOOK, ORCHARD CLOSE, DOWNHAM MARKET, PE38 9LW - £350,000

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

THE NOOK is a midsized detached house of 97m². It was last sold for £350,000 in July 2024, which was around 2% below the average July 2024 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

THE NOOK Sold Prices

Land registry data shows two sales for THE NOOK 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 THE NOOK 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
2024 11 JUL	£350,000	£357,116	2% below HPI
2017 31 AUG	£29,000	£280,393	90% below HPI

THE NOOK 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 THE NOOK sales from August 2017 and July 2024 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 2017 sale was for 90% below the HPI. So the extrapolation line tracks at 90% below the HPI over time, until the July 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is THE NOOK?

THE NOOK is 97m² according to the EPC inspection conducted in August 2017. This puts it in the largest 50% 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 THE NOOK lies on this distribution: 52% of detached houses are smaller than THE NOOK, and 47% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

THE NOOK: Plot and Title Map

THE NOOK sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of THE NOOK, 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 THE NOOK). 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 THE NOOK?

THE NOOK is located on ORCHARD CLOSE in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of THE NOOK on ORCHARD CLOSE.