53, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AH - £385,000

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

53 MARRAM WAY is a midsized detached house of 93m², built sometime between 1967 and 1975. It was last sold for £385,000 in February 2018, which was around 37% above the average February 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was C.

53 MARRAM WAY Sold Prices

Land registry data shows three sales for 53 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 53 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
2018 15 FEB	£385,000	£281,121	37% above HPI
2011 27 APR	£202,500	£198,672	2% above HPI
1995 1 AUG	£55,000	£58,857	7% below HPI

53 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 53 MARRAM WAY sales between August 1995 and February 2018 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 2011 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2018 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 53 MARRAM WAY?

53 MARRAM WAY is 93m² according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of detached houses in Heacham, based on EPC data. The below chart shows the distribution of detached houses by size in Heacham, and where 53 MARRAM WAY lies on this distribution: 53% of detached houses are smaller than 53 MARRAM WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Heacham.

53 MARRAM WAY: Plot and Title Map

53 MARRAM WAY sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of 53 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 53 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 53 MARRAM WAY?

53 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 53 on MARRAM WAY.