2, ALEXANDRA WAY, DOWNHAM MARKET, PE38 9TF - £192,000

2 ALEXANDRA WAY is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £192,000 in September 2020, which was around 37% below the average September 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 ALEXANDRA WAY Sold Prices

Land registry data shows four sales for 2 ALEXANDRA WAY 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 2 ALEXANDRA WAY 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
2020 17 SEP	£192,000	£302,504	37% below HPI
2018 17 SEP	£177,000	£298,456	41% below HPI
1996 20 DEC	£49,500	£62,351	21% below HPI
1995 24 NOV	£54,850	£57,411	4% below HPI

2 ALEXANDRA WAY 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 2 ALEXANDRA WAY sales between November 1995 and September 2020 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 September 2018 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the September 2020 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 ALEXANDRA WAY?

2 ALEXANDRA WAY is 55m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% 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 2 ALEXANDRA WAY lies on this distribution: 2% of detached houses are smaller than 2 ALEXANDRA WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

2 ALEXANDRA WAY: Plot and Title Map

2 ALEXANDRA WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 ALEXANDRA WAY, 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 2 ALEXANDRA WAY). 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 2 ALEXANDRA WAY?

2 ALEXANDRA WAY is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 2 on ALEXANDRA WAY.