1, THE MERE, HALE ROAD, ASHILL, THETFORD, IP25 7AX - £237,500

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 THE MERE is a very small detached house of 57m², built sometime between 1976 and 1982, which could now be worth an estimated £376,629. It was last sold for £237,500 in August 2014, which was around 2% above the average August 2014 detached price in the Breckland local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

1 THE MERE Sold Prices

Land registry data shows three sales for 1 THE MERE 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 THE MERE sales were for above 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 26 AUG	£237,500	£233,591	2% above HPI
2010 13 SEP	£220,000	£216,305	2% above HPI
1997 19 NOV	£76,000	£75,553	1% above HPI

1 THE MERE 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 THE MERE sales between November 1997 and August 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 September 2010 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2014 sale, which was also at 2% above the HPI.

What might 1 THE MERE be worth now?

1 THE MERE might now be worth an estimated £376,629.

This is based on house price inflation of 58.6%, between August 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 58.6% inflationary increase is applied to the most recent sale price for 1 THE MERE of £237,500 on 26th August 2014. For the value to have increased from £237,500 to £376,629 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 1 THE MERE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2014 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 1 THE MERE has not materially changed since August 2014.

How Large is 1 THE MERE?

1 THE MERE is 57m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses houses in Ashill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashill, and where 1 THE MERE lies on this distribution: 2% of detached houses houses are smaller than 1 THE MERE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ashill.

1 THE MERE: Plot and Title Map

1 THE MERE sits on a plot of roughly 0.179 of an acre, or 726m². The below map shows the location of 1 THE MERE, 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 MERE). 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 MERE?

1 THE MERE is located on HALE ROAD in ASHILL, in the IP25 postcode district. The below map shows the position of 1 THE MERE on HALE ROAD.