Sold STC Town house

6 WATER MEADOW WAY

DOWNHAM MARKET, NORFOLK PE38 9HA

4 beds 2 baths 117 m² Listed 3 Apr 2025 (-474d)

£250,000

Reduced on 20 May 2025

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Property details

Tenure

FREEHOLD

Floor area

117 m²

Council tax band

C

EPC rating

C

Last sold

£248,000 Feb 2026

Price per m²

£2,137/m²

Local average

£237,999 (+5%)

Street crime

44 incidents within 1 mile (May 2026)

Key features

  • Modern three storey townhouse
  • Four bedrooms
  • 18ft master bedroom with ensuite
  • Spacious kitchen/diner
  • Enclosed rear garden
  • Garage & off road parking
  • Popular location
  • Close to the train station

Additional details

Parking
Yes
Garden
Yes

Description

This modern, three storey four bedroom detached home offers stylish and spacious living. The ground floor features a convenient WC and a contemporary L-shaped kitchen/diner, complete with a charming bay window to the front.

On the first floor, you’ll find a bright and airy lounge with a Juliet balcony, perfect for relaxing, alongside the bay-fronted master bedroom, which boasts its own ensuite.

The second floor houses the remaining three bedrooms and a well appointed family bathroom.

Externally, the property benefits from a front garden and a private rear garden, which provides access to the garage.

The market town of Downham Market has very good local amenities including supermarkets, shops and restaurants. The train station gives great access to the network with routes to King's Lynn, Cambridge and London King's Cross, Schools include Hillcrest Primary and Downham Academy High School.

Listed by

covering Kings Lynn

Spicerhaart

Reference: 160188812

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 30/07/2019

Expiry date: 29/07/2029

Current heating cost: £444/year

Potential heating cost: £449/year

Recommendations

  • Solar water heating (6,000)
  • Solar photovoltaic panels, 2.5 kWp (5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC 1

EPC 1

Price history

63% since 2006

Event Date Price % change
Sold 12/02/2026 (5 months ago) £248,000 +34.1%
Sold 14/11/2019 (6 years ago) £185,000 +21.7%
Sold 06/07/2006 (20 years ago) £152,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
19 WINNOLD STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9FE £210,000 24/11/2023 Terraced
104 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GH £240,000 30/10/2023 Terraced
17 POPLAR CLOSE, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9SN £159,000 25/08/2023 Terraced
141 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GD £205,000 18/05/2023 Terraced
30 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £226,000 28/04/2023 Terraced
9 WINDSOR STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9EG £219,000 05/12/2022 Terraced
108 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GH £238,000 25/11/2022 Terraced
9 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £225,000 12/10/2022 Terraced
13 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £220,000 16/09/2022 Terraced
6 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £225,000 23/06/2022 Terraced
Same street 9 WATER MEADOW WAY, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9HA £225,000 27/05/2022 Terraced
121 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GD £185,000 08/04/2022 Terraced
RIVERSIDE VIEWS 2 FAIRFIELD ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9ET £280,000 15/03/2022 Terraced
127 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GD £180,000 25/02/2022 Terraced
18 RUSHMEADOW CRESCENT, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9BT £220,000 20/01/2022 Terraced
10 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £175,000 17/12/2021 Terraced
12 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £170,000 02/12/2021 Terraced
15 WINNOLD STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9FE £235,000 28/09/2021 Terraced
14 OSTLERS ROAD, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GN £176,000 24/09/2021 Terraced
16 WINNOLD STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9FE £217,595 24/09/2021 Terraced
Same street 33 WATER MEADOW WAY, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9HA £195,000 21/09/2021 Semi-detached
137 BENNETT STREET, DOWNHAM MARKET, KING'S LYNN AND WEST NORFOLK, NORFOLK, PE38 9GD £195,000 02/09/2021 Terraced

Street average: £210,000 (2 sales)

Area average: £210,030 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 12.2%
10y growth 60.1%

House Price Index (HM Land Registry — official index, not sold-price averages): King's Lynn and West Norfolk. Series: Terraced. As of April 2026.

1y (index) 0.8%
5y (index) 8.9%
10y (index) 39.1%

Rental Range

Estimated market rent for King's Lynn and West Norfolk. Low = conservative, Realistic = average, Optimistic = best case.

Low £842/mo
Realistic £935/mo
Optimistic £1,029/mo

Based on Local Authority from postcode lookup → King's Lynn and West Norfolk.

LHA (30th percentile) floor for Kings Lynn: £1,047/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Train station Downham Market 0.3 miles
Shop Unknown 0.3 miles
Bus stop Railway Station, opp 0.3 miles
Bus stop Grimshoe Road, adj 0.4 miles
Train station Watlington 4.6 miles
Hospital North Cambridgeshire Hospital 9.4 miles
Hospital Queen Elizabeth Hospital 10.8 miles

Street-level crime

Category Count
Violence and sexual offences 20
Anti-social behaviour 6
Public order 6
Criminal damage and arson 5
Shoplifting 4
Other theft 2
Other crime 1
Total incidents 44

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Nelson Academy Primary 0.3 miles Good — 12 Jan 2017
Downham Market Academy Secondary 0.9 miles Good — 21 Jun 2022
Downham Market, Hillcrest Primary School Primary 1.1 miles Good — 30 Sep 2013
Wimbotsham and Stow Academy Primary 1.3 miles Good — 3 Nov 2016
Denver Voluntary Controlled Primary School Primary 1.4 miles Good — 25 May 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
4 Bed Semi-Detached House, Primrose Avenue, PE38 £1,500/mo 4 0.42 miles OpenRent
4 Bed Detached House, Downham Market, PE38 £1,300/mo 4 1.01 miles OpenRent

Average rent: £1,400/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.56%
Max investor price (0.8%) £175,000
Target investor price (1%) £140,000
Gross yield 6.7%
Cost-to-rent ratio 14.9×
Monthly cashflow £250/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 4.1%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).