51, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AH - £296,000

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

51 MARRAM WAY is a very small detached house of 61m², built sometime between 1976 and 1982. It was last sold for £296,000 in December 2021, which was around 12% below the average December 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

51 MARRAM WAY Sold Prices

Land registry data shows two sales for 51 MARRAM WAY 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 51 MARRAM WAY 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 20 DEC	£296,000	£336,769	12% below HPI
1997 19 SEP	£63,000	£66,683	6% below HPI

51 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 two 51 MARRAM WAY sales from September 1997 and December 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 September 1997 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 51 MARRAM WAY?

51 MARRAM WAY is 61m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 51 MARRAM WAY lies on this distribution: 10% of detached houses are smaller than 51 MARRAM WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Heacham.

51 MARRAM WAY: Plot and Title Map

51 MARRAM WAY sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 51 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 51 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 51 MARRAM WAY?

51 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 51 on MARRAM WAY.