The Paddock, Downham Market
The Paddock, Downham Market
Description & Estimates
The Paddock, Downham Market is recorded publicly as a modern freehold house across 1,442 ft2 of internal area, sitting on a 1,227 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of The Paddock, Downham Market is £465,761 and its rental estimate is £1,491 per month, given the available information and assuming reasonable condition.
Rabbit Lane, Downham Market, PE38 falls within the PE38 postal district, in the borough of King's Lynn and West Norfolk.
Our Data Sources
The Paddock, Downham Market has 41 entries in the Land Registry , most recently in September 2019 and a single entry in the EPC database dated January 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 The Paddock, Downham Market, we estimate a market value of £489,049 and a rental value of £1,566 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £433,158 and £1,387 per month respectively.
Recent Market Change
Over the last year, The Paddock, Downham Market has seen its estimated sale value decline by £16,200 (3.5%) and its estimated rental value climb by £9 per month (0.6%). This results in an estimated gross rental yield of 3.8%.
Plot Size
HM Land Registry records the plot of land for The Paddock, Downham Market as measuring 1,227 m2.
That makes it the 5th largest plot in the postcode, where 8 of the 11 other houses have recorded plot data.
Energy Efficiency
The Paddock, Downham Market has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jan 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of The Paddock, Downham Market completed on 25th September 2019 at £385,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 16.9% over the period since September 2019.
- Sold Sep 2019£385,000
- Sold Apr 2008£285,000
- Sold Mar 2006£249,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to The Paddock, Downham Market have sold within a radius of 680 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th September 2023, was 40B, London Road, Downham Market, PE38 9AT, a freehold house which sold for £485,000.
Read more about house prices in PE38.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 11 addresses on Rabbit Lane, Downham Market, PE38, The Paddock, Downham Market comes out as the 5th largest and the 4th most expensive in our analysis of the public data.
It is also £186k more expensive than the average property across the PE38 district.
More reading links
Schools Nearby
- 600mDownham Market, Hillcrest Primary School
- 600mNelson Academy
- 1.7kmDenver Voluntary Controlled Primary School
- 300mDownham Market Academy
- 14.5kmIceni Secondary Academy
- 15.8kmThomas Clarkson Academy
More reading links
Public Transport Nearby
From The Paddock, Downham Market, the nearest station is Downham Market, 1.2 kilometres away.
- 1.2kmDownham Market
- 7.6kmWatlington
- 16.5kmLittleport
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.
