1, MONKSGATE, THETFORD, IP24 1BX - £207,500

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 MONKSGATE is a midsized detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £340,217. It was last sold for £207,500 in April 2014, which was around 8% below the average April 2014 detached price in the Breckland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was F, and the potential energy rating was B.

1 MONKSGATE Sold Prices

Land registry data shows two sales for 1 MONKSGATE 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 MONKSGATE 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 16 APR	£207,500	£225,927	8% below HPI
2004 14 JUL	£174,950	£193,686	10% below HPI

1 MONKSGATE 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 MONKSGATE sales from July 2004 and April 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 July 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the April 2014 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 1 MONKSGATE be worth now?

1 MONKSGATE might now be worth an estimated £340,217.

This is based on house price inflation of 64%, between April 2014 and February 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 64% inflationary increase is applied to the most recent sale price for 1 MONKSGATE of £207,500 on 16th April 2014. For the value to have increased from £207,500 to £340,217 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 1 MONKSGATE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The April 2014 sale price of £207,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MONKSGATE has not materially changed since April 2014.

How Large is 1 MONKSGATE?

1 MONKSGATE is 106m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 50% 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 MONKSGATE lies on this distribution: 46% of detached houses houses are smaller than 1 MONKSGATE, and 54% of houses are larger. Note that EPC data is not available for all properties in Thetford.

1 MONKSGATE: Plot and Title Map

1 MONKSGATE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 1 MONKSGATE, 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 MONKSGATE). 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 MONKSGATE?

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