BYWAYS, BANKSIDE, HEACHAM, KING'S LYNN, PE31 7AU - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

BYWAYS is a very small semi-detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £269,170. It was last sold for £225,000 in June 2020, which was around 12% above the average June 2020 semi-detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

BYWAYS Sold Prices

Land registry data shows three sales for BYWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Two of the three BYWAYS 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
2020 2 JUN	£225,000	£201,322	12% above HPI
2016 11 NOV	£165,000	£177,833	7% below HPI
2006 1 NOV	£154,000	£144,384	7% above HPI

BYWAYS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three BYWAYS sales between November 2006 and June 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 November 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might BYWAYS be worth now?

BYWAYS might now be worth an estimated £269,170.

This is based on house price inflation of 19.6%, between June 2020 and August 2025, for semi-detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.6% inflationary increase is applied to the most recent sale price for BYWAYS of £225,000 on 2nd June 2020. For the value to have increased from £225,000 to £269,170 over the four years and ten months to August 2025, the following assumptions must hold true:

• The value of BYWAYS has moved in line with the HPI for semi-detached houses in the King's Lynn and West Norfolk local authority area.
• The June 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of BYWAYS has not materially changed since June 2020.

How Large is BYWAYS?

BYWAYS is 62m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of semi-detached houses houses in Heacham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Heacham, and where BYWAYS lies on this distribution: 11% of semi-detached houses houses are smaller than BYWAYS, and 88% of houses are larger. Note that EPC data is not available for all properties in Heacham.

BYWAYS: Plot and Title Map

BYWAYS sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of BYWAYS, 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 BYWAYS). 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 BYWAYS?

BYWAYS is located on BANKSIDE in HEACHAM, in the PE31 postcode district. The below map shows the position of BYWAYS on BANKSIDE.