18, PARK LANE, DOWNHAM MARKET, PE38 9SH - £265,000

18 PARK LANE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £265,000 in September 2022, which was around 29% below the average September 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

18 PARK LANE Sold Prices

Land registry data shows three sales for 18 PARK LANE 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 18 PARK LANE 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 2 SEP	£265,000	£373,621	29% below HPI
2016 16 MAR	£195,000	£255,469	24% below HPI
2004 5 MAY	£133,000	£170,835	22% below HPI

18 PARK LANE 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 18 PARK LANE sales between May 2004 and September 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 March 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 18 PARK LANE?

18 PARK LANE is 65m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 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 18 PARK LANE lies on this distribution: 15% of detached houses are smaller than 18 PARK LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

18 PARK LANE: Plot and Title Map

18 PARK LANE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 18 PARK LANE, 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 18 PARK LANE). 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 18 PARK LANE?

18 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 18 on PARK LANE.