55, BROADWAY, HEACHAM, KING'S LYNN, PE31 7JJ - £335,000

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

55 BROADWAY is a small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £335,000 in June 2021, which was around 4% above the average June 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2018, where the current energy rating was F, and the potential energy rating was B.

55 BROADWAY Sold Prices

Land registry data shows two sales for 55 BROADWAY 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. One of the two 55 BROADWAY sales was for above the average price, whilst the other 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
2021 11 JUN	£335,000	£321,785	4% above HPI
2019 18 APR	£155,000	£288,516	46% below HPI

55 BROADWAY 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 55 BROADWAY sales from April 2019 and June 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 April 2019 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2021 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 55 BROADWAY?

55 BROADWAY is 69m² according to the EPC inspection conducted in December 2018. 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 55 BROADWAY lies on this distribution: 20% of detached houses are smaller than 55 BROADWAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Heacham.

55 BROADWAY: Plot and Title Map

55 BROADWAY sits on a plot of roughly 0.121 of an acre, or 492m². The below map shows the location of 55 BROADWAY, 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 55 BROADWAY). 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 55 BROADWAY?

55 BROADWAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 55 on BROADWAY.