11, WALLACE CLOSE, DEREHAM, NR19 2XR - £250,000

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

11 WALLACE CLOSE is a midsized extended detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £314,741. It was last sold for £250,000 in June 2020, which was around 14% below the average June 2020 detached price in the Breckland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

11 WALLACE CLOSE Sold Prices

Land registry data shows four sales for 11 WALLACE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 11 WALLACE CLOSE 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
2020 10 JUN	£250,000	£292,226	14% below HPI
2013 10 MAY	£202,500	£205,873	2% below HPI
2010 5 MAY	£198,000	£214,394	8% below HPI
2000 25 FEB	£95,995	£97,053	1% below HPI

11 WALLACE CLOSE 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 four 11 WALLACE CLOSE sales between February 2000 and June 2020 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 May 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 11 WALLACE CLOSE be worth now?

11 WALLACE CLOSE might now be worth an estimated £314,741.

This is based on house price inflation of 25.9%, between June 2020 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 25.9% inflationary increase is applied to the most recent sale price for 11 WALLACE CLOSE of £250,000 on 10th June 2020. For the value to have increased from £250,000 to £314,741 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of 11 WALLACE CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The June 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 11 WALLACE CLOSE has not materially changed since June 2020.

How Large is 11 WALLACE CLOSE?

11 WALLACE CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 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 11 WALLACE CLOSE lies on this distribution: 58% of detached houses houses are smaller than 11 WALLACE CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Dereham.

11 WALLACE CLOSE: Plot and Title Map

11 WALLACE CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 11 WALLACE CLOSE, 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 WALLACE CLOSE). 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 WALLACE CLOSE?

11 WALLACE CLOSE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 11 on WALLACE CLOSE.