11, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AN - £156,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 MARRAM WAY is a very small detached house of 63m², built sometime between 1976 and 1982. It was last sold for £156,000 in April 2014, which was around 27% below the average April 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

11 MARRAM WAY Sold Prices

Land registry data shows three sales for 11 MARRAM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three 11 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
2014 3 APR	£156,000	£214,914	27% below HPI
2003 14 OCT	£145,000	£167,921	14% below HPI
2001 17 AUG	£89,950	£107,883	17% below HPI

11 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 three 11 MARRAM WAY sales between August 2001 and April 2014 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 October 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 11 MARRAM WAY?

11 MARRAM WAY is 63m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 11 MARRAM WAY lies on this distribution: 12% of detached houses are smaller than 11 MARRAM WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Heacham.

11 MARRAM WAY: Plot and Title Map

11 MARRAM WAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 11 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 11 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 11 MARRAM WAY?

11 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 11 on MARRAM WAY.