THREEWAYS, DOWNHAM ROAD, NORDELPH, DOWNHAM MARKET, PE38 0BQ - £400,000

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

THREEWAYS is a very large detached house of 193m², built sometime before 1900. It was last sold for £400,000 in June 2021, which was around 24% above the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was F, and the potential energy rating was C.

THREEWAYS Sold Prices

Land registry data shows four sales for THREEWAYS 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. two of the four THREEWAYS sales were for above the average price, and four 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
2021 22 JUN	£400,000	£321,785	24% above HPI
2019 15 MAR	£245,000	£290,697	16% below HPI
1998 12 AUG	£117,000	£75,005	56% above HPI
1997 30 JUN	£60,000	£66,822	10% below HPI

THREEWAYS 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 THREEWAYS sales between June 1997 and June 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 March 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is THREEWAYS?

THREEWAYS is 193m² according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses in Nordelph, based on EPC data. The below chart shows the distribution of detached houses by size in Nordelph, and where THREEWAYS lies on this distribution: 90% of detached houses are smaller than THREEWAYS, and 10% of houses are larger. Note that EPC data is not available for all properties in Nordelph.

THREEWAYS: Plot and Title Map

THREEWAYS sits on a plot of roughly 0.283 of an acre, or 1,146m². The below map shows the location of THREEWAYS, 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 THREEWAYS). 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 THREEWAYS?

THREEWAYS is located on DOWNHAM ROAD in NORDELPH, in the PE38 postcode district. The below map shows the position of THREEWAYS on DOWNHAM ROAD.