38, PARK LANE, DOWNHAM MARKET, PE38 9SH - £285,000

38 PARK LANE is a large extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £285,000 in September 2021, which was around 12% below the average September 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

38 PARK LANE Sold Prices

Land registry data shows three sales for 38 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 38 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
2021 30 SEP	£285,000	£325,675	12% below HPI
2000 20 APR	£51,500	£86,134	40% below HPI
1998 24 AUG	£41,500	£75,005	45% below HPI

38 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 38 PARK LANE sales between August 1998 and September 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 April 2000 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 38 PARK LANE?

38 PARK LANE is 113m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 40% 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 38 PARK LANE lies on this distribution: 66% of detached houses are smaller than 38 PARK LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

38 PARK LANE: Plot and Title Map

38 PARK LANE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 38 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 38 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 38 PARK LANE?

38 PARK LANE is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 38 on PARK LANE.