1, PHILIP PLACE, DEREHAM, NR19 1SH - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PHILIP PLACE is a midsized extended detached house of 102m², built sometime between 1967 and 1975, which could now be worth an estimated £293,829. It was last sold for £285,000 in March 2024, which was around 20% below the average March 2024 detached price in the Breckland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

1 PHILIP PLACE Sold Prices

Land registry data shows three sales for 1 PHILIP PLACE 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 PHILIP PLACE 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
2024 14 MAR	£285,000	£356,847	20% below HPI
2006 3 APR	£182,500	£204,103	11% below HPI
1996 26 JUL	£57,000	£64,574	12% below HPI

1 PHILIP PLACE 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 PHILIP PLACE sales between July 1996 and March 2024 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 April 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 PHILIP PLACE be worth now?

1 PHILIP PLACE might now be worth an estimated £293,829.

This is based on house price inflation of 3.1%, between March 2024 and December 2024, 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 3.1% inflationary increase is applied to the most recent sale price for 1 PHILIP PLACE of £285,000 on 14th March 2024. For the value to have increased from £285,000 to £293,829 over the three months to December 2024, the following assumptions must hold true:

• The value of 1 PHILIP PLACE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2024 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PHILIP PLACE has not materially changed since March 2024.

How Large is 1 PHILIP PLACE?

1 PHILIP PLACE is 102m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 1 PHILIP PLACE lies on this distribution: 40% of detached houses houses are smaller than 1 PHILIP PLACE, and 59% of houses are larger. Note that EPC data is not available for all properties in Dereham.

1 PHILIP PLACE: Plot and Title Map

1 PHILIP PLACE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 1 PHILIP PLACE, 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 PHILIP PLACE). 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 PHILIP PLACE?

1 PHILIP PLACE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 1 on PHILIP PLACE.