2D, Park Lane
2D, Park Lane
Description & Estimates
2D, Park Lane, Downham Market is recorded publicly as a modern freehold house across 731 ft2 of internal area, sitting on a 131 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2D, Park Lane, Downham Market is £254,204 and its rental estimate is £1,167 per month, given the available information and assuming reasonable condition.
Park Lane, Downham Market, PE38 falls within the PE38 postal district, in the borough of King's Lynn and West Norfolk.
Our Data Sources
2D, Park Lane, Downham Market has 2 entries in the Land Registry , most recently in April 2018 and a single entry in the EPC database dated February 2019.
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
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 2D, Park Lane, Downham Market, we estimate a market value of £266,914 and a rental value of £1,225 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £236,410 and £1,085 per month respectively.
Recent Market Change
Over the last year, 2D, Park Lane, Downham Market has seen its estimated sale value drop by £4,088 (1.6%) and its estimated rental value rise by £26 per month (2.3%). This results in an estimated gross rental yield of 5.5%.
Plot Size
HM Land Registry records the plot of land for 2D, Park Lane, Downham Market as measuring 131 m2.
That makes it the 14th largest plot in the postcode, where 14 of the 17 other houses have recorded plot data.
Energy Efficiency
2D, Park Lane, Downham Market has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Feb 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2D, Park Lane, Downham Market completed on 24th April 2018 at £178,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 10.5% over the period since April 2018.
- Sold Apr 2018£178,000
- Sold Dec 2016£213,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2D, Park Lane, Downham Market have sold within a radius of 800 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th October 2023, was 14, Harebell Road, Downham Market, PE38 9SS, a freehold house which sold for £281,000.
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 50 addresses on Park Lane, Downham Market, PE38, 2D, Park Lane, Downham Market comes out as the 38th largest and the 41st most expensive in our analysis of the public data.
It is also £25k less expensive than the average property across the PE38 district.
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Schools Nearby
- 800mDenver Voluntary Controlled Primary School
- 1.2kmNelson Academy
- 1.5kmDownham Market, Hillcrest Primary School
- 1.2kmDownham Market Academy
- 14.3kmIceni Secondary Academy
- 15.7kmThomas Clarkson Academy
More reading links
Public Transport Nearby
From 2D, Park Lane, Downham Market, the nearest station is Downham Market, 1.2 kilometres away.
- 1.2kmDownham Market
- 8.6kmWatlington
- 15.4kmLittleport
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
