4, THE TRAMWAY, OUTWELL, WISBECH, PE14 8PZ - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 THE TRAMWAY is a very large detached house of 190m², built sometime between 2003 and 2006, which could now be worth an estimated £426,543. It was last sold for £370,000 in May 2021, which was around 14% above the average May 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was April 2020, where the current energy rating was D, and the potential energy rating was C.

4 THE TRAMWAY Sold Prices

Land registry data shows three sales for 4 THE TRAMWAY 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 4 THE TRAMWAY sales were for above 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 26 MAY	£370,000	£324,522	14% above HPI
2005 25 JUL	£265,000	£205,598	29% above HPI
2004 11 FEB	£272,000	£173,240	57% above HPI

4 THE TRAMWAY 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 4 THE TRAMWAY sales between February 2004 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 July 2005 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2021 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 4 THE TRAMWAY be worth now?

4 THE TRAMWAY might now be worth an estimated £426,543.

This is based on house price inflation of 15.3%, between May 2021 and December 2024, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.3% inflationary increase is applied to the most recent sale price for 4 THE TRAMWAY of £370,000 on 26th May 2021. For the value to have increased from £370,000 to £426,543 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 4 THE TRAMWAY has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The May 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE TRAMWAY has not materially changed since May 2021.

How Large is 4 THE TRAMWAY?

4 THE TRAMWAY is 190m² according to the EPC inspection conducted in April 2020. This puts it in the largest 10% of detached houses houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Outwell, and where 4 THE TRAMWAY lies on this distribution: 91% of detached houses houses are smaller than 4 THE TRAMWAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Outwell.

4 THE TRAMWAY: Plot and Title Map

4 THE TRAMWAY sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 4 THE TRAMWAY, 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 4 THE TRAMWAY). 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 4 THE TRAMWAY?

4 THE TRAMWAY is located in OUTWELL, in the PE14 postcode district. The below map shows the position of No. 4 on THE TRAMWAY.