5, THE TRAMWAY, OUTWELL, WISBECH, PE14 8PZ - £325,000

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

5 THE TRAMWAY is a large detached house of 149m², built sometime between 2003 and 2006. It was last sold for £325,000 in May 2017, which was around 20% above the average May 2017 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

5 THE TRAMWAY Sold Prices

Land registry data shows two sales for 5 THE TRAMWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 5 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
2017 30 MAY	£325,000	£271,048	20% above HPI
2002 22 NOV	£279,950	£142,417	97% above HPI

5 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 two 5 THE TRAMWAY sales from November 2002 and May 2017 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 2002 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the May 2017 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 5 THE TRAMWAY?

5 THE TRAMWAY is 149m² according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where 5 THE TRAMWAY lies on this distribution: 78% of detached houses are smaller than 5 THE TRAMWAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Outwell.

5 THE TRAMWAY: Plot and Title Map

5 THE TRAMWAY sits on a plot of roughly 0.190 of an acre, or 768m². The below map shows the location of 5 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 5 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 5 THE TRAMWAY?

5 THE TRAMWAY is located in OUTWELL, in the PE14 postcode district. The below map shows the position of No. 5 on THE TRAMWAY.