1, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AN - £245,000

1 MARRAM WAY is a small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £245,000 in October 2019, which was around 17% below the average October 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was F, and the potential energy rating was B.

1 MARRAM WAY Sold Prices

Land registry data shows two sales for 1 MARRAM WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 1 MARRAM WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 25 OCT	£245,000	£294,723	17% below HPI
1998 15 DEC	£43,750	£73,848	41% below HPI

1 MARRAM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The two 1 MARRAM WAY sales from December 1998 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 1998 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 MARRAM WAY?

1 MARRAM WAY is 71m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 1 MARRAM WAY lies on this distribution: 23% of detached houses are smaller than 1 MARRAM WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Heacham.

1 MARRAM WAY: Plot and Title Map

1 MARRAM WAY sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 1 MARRAM WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MARRAM WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MARRAM WAY?

1 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 1 on MARRAM WAY.