7, MARRAM WAY, HEACHAM, KING'S LYNN, PE31 7AN - £290,500

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

7 MARRAM WAY is a small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £290,500 in September 2021, which was around 9% below the average September 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

7 MARRAM WAY Sold Prices

Land registry data shows two sales for 7 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 7 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 30 SEP	£290,500	£318,711	9% below HPI
2016 7 SEP	£195,000	£257,512	24% below HPI

7 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 7 MARRAM WAY sales from September 2016 and September 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 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 MARRAM WAY?

7 MARRAM WAY is 73m² according to the EPC inspection conducted in June 2012. 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 7 MARRAM WAY lies on this distribution: 26% of detached houses are smaller than 7 MARRAM WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Heacham.

7 MARRAM WAY: Plot and Title Map

7 MARRAM WAY sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 7 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 7 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 7 MARRAM WAY?

7 MARRAM WAY is located in HEACHAM, in the PE31 postcode district. The below map shows the position of No. 7 on MARRAM WAY.