38, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AH - £265,000

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

38 MARRAM WAY is a small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £265,000 in June 2016, which was around 6% above the average June 2016 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

38 MARRAM WAY Sold Prices

Land registry data shows three sales for 38 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. Two of the three 38 MARRAM WAY sales were for above the average price, whilst one was 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
2016 21 JUN	£265,000	£250,494	6% above HPI
2007 20 FEB	£233,000	£203,427	15% above HPI
2001 23 MAR	£85,000	£98,070	13% below HPI

38 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 38 MARRAM WAY sales between March 2001 and June 2016 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 February 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 38 MARRAM WAY?

38 MARRAM WAY is 75m² according to the EPC inspection conducted in April 2015. 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 38 MARRAM WAY lies on this distribution: 29% of detached houses are smaller than 38 MARRAM WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Heacham.

38 MARRAM WAY: Plot and Title Map

38 MARRAM WAY sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 38 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 38 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 38 MARRAM WAY?

38 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 38 on MARRAM WAY.