7, SORREL WAY, DOWNHAM MARKET, PE38 9UD - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 SORREL WAY is a very large detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £416,805. It was last sold for £295,000 in June 2016, which was around 15% above the average June 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

7 SORREL WAY Sold Prices

Land registry data shows two sales for 7 SORREL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. One of the two 7 SORREL WAY sales was for above the average price, whilst the other was 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
2016 21 JUN	£295,000	£257,416	15% above HPI
2002 12 JUN	£73,889	£129,472	43% below HPI

7 SORREL 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 two 7 SORREL WAY sales from June 2002 and June 2016 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 June 2002 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2016 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 7 SORREL WAY be worth now?

7 SORREL WAY might now be worth an estimated £416,805.

This is based on house price inflation of 41.3%, between June 2016 and March 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.3% inflationary increase is applied to the most recent sale price for 7 SORREL WAY of £295,000 on 21st June 2016. For the value to have increased from £295,000 to £416,805 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 7 SORREL WAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SORREL WAY has not materially changed since June 2016.

How Large is 7 SORREL WAY?

7 SORREL WAY is 128m² according to the EPC inspection conducted in August 2014. This puts it in the largest 20% of detached houses houses in Downham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Downham Market, and where 7 SORREL WAY lies on this distribution: 81% of detached houses houses are smaller than 7 SORREL WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Downham Market.

7 SORREL WAY: Plot and Title Map

7 SORREL WAY sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 7 SORREL 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 7 SORREL 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 7 SORREL WAY?

7 SORREL WAY is located in DOWNHAM MARKET, in the PE38 postcode district. The below map shows the position of No. 7 on SORREL WAY.