2, THE TRAMWAY, OUTWELL, WISBECH, PE14 8PZ - £350,000

2 THE TRAMWAY is a very large detached house of 192m², built sometime between 2003 and 2006. It was last sold for £350,000 in October 2020, which was around 12% above the average October 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

2 THE TRAMWAY Sold Prices

Land registry data shows three sales for 2 THE TRAMWAY 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. All of the three 2 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
2020 6 OCT	£350,000	£311,406	12% above HPI
2008 10 JUL	£305,000	£216,381	41% above HPI
2004 2 SEP	£279,950	£185,640	51% above HPI

2 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 three 2 THE TRAMWAY sales between September 2004 and October 2020 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 July 2008 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the October 2020 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 2 THE TRAMWAY?

2 THE TRAMWAY is 192m² according to the EPC inspection conducted in October 2013. This puts it in the largest 10% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where 2 THE TRAMWAY lies on this distribution: 92% of detached houses are smaller than 2 THE TRAMWAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Outwell.

2 THE TRAMWAY: Plot and Title Map

2 THE TRAMWAY sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 2 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 2 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 2 THE TRAMWAY?

2 THE TRAMWAY is located in OUTWELL, in the PE14 postcode district. The below map shows the position of No. 2 on THE TRAMWAY.