THE PADDOCK, RABBIT LANE, DOWNHAM MARKET, PE38 9LN - £385,000

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 PADDOCK is a very large detached house of 134m², built sometime between 1996 and 2002. It was last sold for £385,000 in September 2019, which was around 30% above the average September 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

THE PADDOCK Sold Prices

Land registry data shows four sales for THE PADDOCK since 1^st January 1995. The below table shows the price paid for the four 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 four THE PADDOCK 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
2019 25 SEP	£385,000	£297,061	30% above HPI
2008 23 APR	£285,000	£213,005	34% above HPI
2006 10 MAR	£249,950	£185,860	34% above HPI
2001 11 SEP	£178,000	£111,447	60% above HPI

THE PADDOCK 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 four THE PADDOCK sales between September 2001 and September 2019 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 April 2008 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the September 2019 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is THE PADDOCK?

THE PADDOCK is 134m² according to the EPC inspection conducted in January 2019. This puts it in the largest 20% 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 PADDOCK lies on this distribution: 84% of detached houses are smaller than THE PADDOCK, and 16% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

THE PADDOCK: Plot and Title Map

THE PADDOCK sits on a plot of roughly 0.303 of an acre, or 1,227m². The below map shows the location of THE PADDOCK, 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 PADDOCK). 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 PADDOCK?

THE PADDOCK is located on RABBIT LANE in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of THE PADDOCK on RABBIT LANE.