18, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AN - £225,000

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

18 MARRAM WAY is a large extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £225,000 in August 2014, which was about the average August 2014 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

18 MARRAM WAY Sold Prices

Land registry data shows three sales for 18 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. The three 18 MARRAM WAY sales were a mix of roughly equal to the average price, above the average price, and 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 19 AUG	£225,000	£224,071	Close to HPI
2002 26 APR	£148,000	£119,976	23% above HPI
2000 23 MAY	£85,800	£88,147	3% below HPI

18 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 18 MARRAM WAY sales between May 2000 and August 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 April 2002 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the August 2014 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 18 MARRAM WAY?

18 MARRAM WAY is 102m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 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 18 MARRAM WAY lies on this distribution: 63% of detached houses are smaller than 18 MARRAM WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Heacham.

18 MARRAM WAY: Plot and Title Map

18 MARRAM WAY sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 18 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 18 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 18 MARRAM WAY?

18 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 18 on MARRAM WAY.