15, BROADWAY, HEACHAM, KING'S LYNN, PE31 7JJ - £248,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 BROADWAY is a small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £248,000 in May 2021, which was around 21% below the average May 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

15 BROADWAY Sold Prices

Land registry data shows three sales for 15 BROADWAY 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 15 BROADWAY 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
2021 14 MAY	£248,000	£315,796	21% below HPI
2014 7 NOV	£195,000	£231,016	16% below HPI
2010 11 OCT	£155,000	£207,330	25% below HPI

15 BROADWAY 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 15 BROADWAY sales between October 2010 and May 2021 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 November 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 15 BROADWAY?

15 BROADWAY is 80m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 15 BROADWAY lies on this distribution: 35% of detached houses are smaller than 15 BROADWAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Heacham.

15 BROADWAY: Plot and Title Map

15 BROADWAY sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 15 BROADWAY, 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 15 BROADWAY). 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 15 BROADWAY?

15 BROADWAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 15 on BROADWAY.