5, Merlin Way
5, Merlin Way
Description & Estimates
According to the public record, 5, Merlin Way, Downham Market is a modern freehold house with 904 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Merlin Way, Downham Market is £301,546 and the estimated rental value is £1,310 per month.
Merlin Way, Downham Market, PE38 is located in the borough of King's Lynn and West Norfolk within the PE38 postal district.
Our Data Sources
5, Merlin Way, Downham Market has a single entry in the Land Registry from April 2025 and a single entry in the EPC database dated April 2025.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Merlin Way, Downham Market is in very good condition we estimate a sale value of £316,623 and a rental value of £1,376 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £280,438 and a rental value of £1,219 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Merlin Way, Downham Market has dropped by £4,849 (1.6%), while its estimated rental value has risen by £30 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 5.2%.
Energy Efficiency
5, Merlin Way, Downham Market has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Apr 2025.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Merlin Way, Downham Market was last sold on 30th April 2025 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2025, the market for similar properties has dropped by 11.1%.
- Sold Apr 2025£320,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Merlin Way, Downham Market within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 1, Mosquito Drive, Downham Market, PE38 9FL, a freehold house which sold for £305,000 on the 30th June 2025.
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
Merlin Way, Downham Market, PE38 has a total of 12 addresses. According to our analysis of all the public data, 5, Merlin Way, Downham Market is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in PE38.
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Schools Nearby
- 800mWimbotsham and Stow Academy
- 900mDownham Market, Hillcrest Primary School
- 1.5kmNelson Academy
- 1.0kmDownham Market Academy
- 14.5kmIceni Secondary Academy
- 15.6kmKing's Lynn Academy
More reading links
Public Transport Nearby
The closest station to 5, Merlin Way, Downham Market is Downham Market station, which is 2.1 kilometres away.
- 2.1kmDownham Market
- 6.7kmWatlington
- 15.7kmKings Lynn
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
