1, THE OAKS, GRESSENHALL, DEREHAM, NR20 4ED - £197,000

1 THE OAKS is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £197,000 in February 2018, which was around 34% below the average February 2018 detached price in the Breckland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was B.

1 THE OAKS Sold Prices

Land registry data shows two sales for 1 THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two 1 THE OAKS 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
2018 23 FEB	£197,000	£300,328	34% below HPI
1995 14 JUN	£54,950	£64,235	14% below HPI

1 THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 1 THE OAKS sales from June 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 June 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 1 THE OAKS?

1 THE OAKS is 70m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Gressenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Gressenhall, and where 1 THE OAKS lies on this distribution: 7% of detached houses are smaller than 1 THE OAKS, and 93% of houses are larger. Note that EPC data is not available for all properties in Gressenhall.

1 THE OAKS: Plot and Title Map

1 THE OAKS sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 1 THE OAKS, 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 1 THE OAKS). 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 1 THE OAKS?

1 THE OAKS is located in GRESSENHALL, in the NR20 postcode district. The below map shows the position of No. 1 on THE OAKS.