12, ABBEYGATE, THETFORD, IP24 1AY - £246,500

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.

12 ABBEYGATE is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £305,970. It was last sold for £246,500 in November 2019, which was around 17% below the average November 2019 detached price in the Breckland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

12 ABBEYGATE Sold Prices

Land registry data shows three sales for 12 ABBEYGATE 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 12 ABBEYGATE 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
2019 29 NOV	£246,500	£298,431	17% below HPI
2014 29 OCT	£170,000	£238,352	29% below HPI
1996 12 JUL	£52,000	£64,574	19% below HPI

12 ABBEYGATE 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 12 ABBEYGATE sales between July 1996 and November 2019 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 October 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12 ABBEYGATE be worth now?

12 ABBEYGATE might now be worth an estimated £305,970.

This is based on house price inflation of 24.1%, between November 2019 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 24.1% inflationary increase is applied to the most recent sale price for 12 ABBEYGATE of £246,500 on 29th November 2019. For the value to have increased from £246,500 to £305,970 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 12 ABBEYGATE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2019 sale price of £246,500 represented a fair market value for the property.
• The size, condition, and specification of 12 ABBEYGATE has not materially changed since November 2019.

How Large is 12 ABBEYGATE?

12 ABBEYGATE is 84m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% 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 12 ABBEYGATE lies on this distribution: 19% of detached houses houses are smaller than 12 ABBEYGATE, and 80% of houses are larger. Note that EPC data is not available for all properties in Thetford.

12 ABBEYGATE: Plot and Title Map

12 ABBEYGATE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 12 ABBEYGATE, 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 12 ABBEYGATE). 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 12 ABBEYGATE?

12 ABBEYGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 12 on ABBEYGATE.