2, Old Town Close
2, Old Town Close
Description & Estimates
2, Old Town Close, Downham Market is recorded publicly as a modern leasehold apartment across 710 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 2, Old Town Close, Downham Market is £152,582 and its rental estimate is £809 per month, given the available information and assuming reasonable condition.
Old Town Close, Downham Market, PE38 falls within the PE38 postal district, in the borough of King's Lynn and West Norfolk.
Our Data Sources
2, Old Town Close, Downham Market has 31 entries in the Land Registry , most recently in February 2026 and a single entry in the EPC database dated May 2025.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Old Town Close, Downham Market, we estimate a market value of £160,211 and a rental value of £850 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £141,901 and £753 per month respectively.
Recent Market Change
Over the last year, 2, Old Town Close, Downham Market has seen its estimated sale value decrease by £669 (0.4%) and its estimated rental value grow by £28 per month (3.4%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
2, Old Town Close, Downham Market has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 May 2025.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters, Electric storage heaters.
Sold Prices
The most recent sale of 2, Old Town Close, Downham Market completed on 12th February 2026 at £150,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 3.3% over the period since February 2026.
- Sold Feb 2026£150,000
- Sold Apr 2005£124,000
- Sold May 2004£105,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Old Town Close, Downham Market have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2025, was 57 Wade-Wright Court, Priory Road, Downham Market, PE38 9HY, a leasehold flat which sold for £120,000.
Read more about house prices in PE38.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 17 addresses on Old Town Close, Downham Market, PE38, 2, Old Town Close, Downham Market comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £127k less expensive than the average property across the PE38 district.
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Schools Nearby
- 300mNelson Academy
- 1.1kmDownham Market, Hillcrest Primary School
- 1.7kmDenver Voluntary Controlled Primary School
- 800mDownham Market Academy
- 14.8kmIceni Secondary Academy
- 15.4kmThomas Clarkson Academy
More reading links
Public Transport Nearby
From 2, Old Town Close, Downham Market, the nearest station is Downham Market, 800 metres away.
- 800mDownham Market
- 7.7kmWatlington
- 16.2kmLittleport
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
