15, WOODLANDS CLOSE, THETFORD, IP24 1JQ - £185,000

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.

15 WOODLANDS CLOSE is a very small detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £266,768. It was last sold for £185,000 in December 2015, which was around 28% below the average December 2015 detached price in the Breckland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

15 WOODLANDS CLOSE Sold Prices

Land registry data shows three sales for 15 WOODLANDS CLOSE 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 15 WOODLANDS 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
2015 11 DEC	£185,000	£258,489	28% below HPI
2002 13 JUN	£101,000	£137,732	27% below HPI
2002 4 MAR	£79,000	£125,055	37% below HPI

15 WOODLANDS 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 three 15 WOODLANDS CLOSE sales between March 2002 and December 2015 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 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2015 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 15 WOODLANDS CLOSE be worth now?

15 WOODLANDS CLOSE might now be worth an estimated £266,768.

This is based on house price inflation of 44.2%, between December 2015 and March 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 44.2% inflationary increase is applied to the most recent sale price for 15 WOODLANDS CLOSE of £185,000 on 11th December 2015. For the value to have increased from £185,000 to £266,768 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of 15 WOODLANDS CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The December 2015 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WOODLANDS CLOSE has not materially changed since December 2015.

How Large is 15 WOODLANDS CLOSE?

15 WOODLANDS CLOSE is 71m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% 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 15 WOODLANDS CLOSE lies on this distribution: 7% of detached houses houses are smaller than 15 WOODLANDS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Thetford.

15 WOODLANDS CLOSE: Plot and Title Map

15 WOODLANDS CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 15 WOODLANDS 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 15 WOODLANDS 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 15 WOODLANDS CLOSE?

15 WOODLANDS CLOSE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 15 on WOODLANDS CLOSE.