1, GREEN LANE, THETFORD, IP24 2EZ - £220,000

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.

1 GREEN LANE is a very small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £292,704. It was last sold for £220,000 in September 2016, which was around 21% below the average September 2016 detached price in the Breckland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

1 GREEN LANE Sold Prices

Land registry data shows two sales for 1 GREEN LANE 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 GREEN LANE 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
2016 9 SEP	£220,000	£280,155	21% below HPI
2013 27 SEP	£146,000	£217,515	33% below HPI

1 GREEN LANE 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 GREEN LANE sales from September 2013 and September 2016 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 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 1 GREEN LANE be worth now?

1 GREEN LANE might now be worth an estimated £292,704.

This is based on house price inflation of 33%, between September 2016 and March 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33% inflationary increase is applied to the most recent sale price for 1 GREEN LANE of £220,000 on 9th September 2016. For the value to have increased from £220,000 to £292,704 over the nine years and six months to March 2025, the following assumptions must hold true:

• The value of 1 GREEN LANE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GREEN LANE has not materially changed since September 2016.

How Large is 1 GREEN LANE?

1 GREEN LANE is 79m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thetford, and where 1 GREEN LANE lies on this distribution: 15% of detached houses houses are smaller than 1 GREEN LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Thetford.

1 GREEN LANE: Plot and Title Map

1 GREEN LANE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 1 GREEN LANE, 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 GREEN LANE). 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 GREEN LANE?

1 GREEN LANE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 1 on GREEN LANE.