11, PENNYCRESS DRIVE, THETFORD, IP24 2TU - £237,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 PENNYCRESS DRIVE is a small extended detached house of 92m², built sometime between 2003 and 2006. It was last sold for £237,000 in November 2016, which was around 16% below the average November 2016 detached price in the Breckland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

11 PENNYCRESS DRIVE Sold Prices

Land registry data shows three sales for 11 PENNYCRESS DRIVE 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 11 PENNYCRESS DRIVE 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 11 NOV	£237,000	£280,926	16% below HPI
2004 4 JUN	£167,000	£191,687	13% below HPI
2002 13 SEP	£131,950	£150,552	12% below HPI

11 PENNYCRESS DRIVE 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 11 PENNYCRESS DRIVE sales between September 2002 and November 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 June 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 11 PENNYCRESS DRIVE?

11 PENNYCRESS DRIVE is 92m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 11 PENNYCRESS DRIVE lies on this distribution: 28% of detached houses are smaller than 11 PENNYCRESS DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Thetford.

11 PENNYCRESS DRIVE: Plot and Title Map

11 PENNYCRESS DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 11 PENNYCRESS DRIVE, 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 11 PENNYCRESS DRIVE). 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 11 PENNYCRESS DRIVE?

11 PENNYCRESS DRIVE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 11 on PENNYCRESS DRIVE.