1, GROVE LANE, THETFORD, IP24 2BW - £134,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 GROVE LANE is a very small extended detached house of 56m², built sometime before 1900. It was last sold for £134,000 in December 2014, which was around 44% below the average December 2014 detached price in the Breckland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

1 GROVE LANE Sold Prices

Land registry data shows three sales for 1 GROVE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three 1 GROVE 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
2014 22 DEC	£134,000	£240,227	44% below HPI
2008 14 FEB	£130,000	£230,251	44% below HPI
1997 1 AUG	£39,000	£73,978	47% below HPI

1 GROVE 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 three 1 GROVE LANE sales between August 1997 and December 2014 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 February 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2014 sale, which was also at 44% below the HPI.

How Large is 1 GROVE LANE?

1 GROVE LANE is 56m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 1 GROVE LANE lies on this distribution: 1% of detached houses are smaller than 1 GROVE LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Thetford.

1 GROVE LANE: Plot and Title Map

1 GROVE LANE sits on a plot of roughly 0.023 of an acre, or 93m². The below map shows the location of 1 GROVE 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 GROVE 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 GROVE LANE?

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