16, MONKSGATE, THETFORD, IP24 1BX - £244,950

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

16 MONKSGATE is a very large extended detached house of 152m², built sometime between 1967 and 1975, which could now be worth an estimated £361,013. It was last sold for £244,950 in August 2015, which was around 2% below the average August 2015 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

16 MONKSGATE Sold Prices

Land registry data shows six sales for 16 MONKSGATE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Most of the six 16 MONKSGATE 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
2015 21 AUG	£244,950	£249,624	2% below HPI
2012 7 MAR	£190,000	£202,541	6% below HPI
2002 23 SEP	£160,000	£151,724	5% above HPI
2001 4 SEP	£130,000	£122,244	6% above HPI
2001 15 JAN	£129,950	£106,042	23% above HPI
1996 26 JUL	£74,950	£64,574	16% above HPI

16 MONKSGATE 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 six 16 MONKSGATE sales between July 1996 and August 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 March 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 16 MONKSGATE be worth now?

16 MONKSGATE might now be worth an estimated £361,013.

This is based on house price inflation of 47.4%, between August 2015 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 47.4% inflationary increase is applied to the most recent sale price for 16 MONKSGATE of £244,950 on 21st August 2015. For the value to have increased from £244,950 to £361,013 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 16 MONKSGATE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2015 sale price of £244,950 represented a fair market value for the property.
• The size, condition, and specification of 16 MONKSGATE has not materially changed since August 2015.

How Large is 16 MONKSGATE?

16 MONKSGATE is 152m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the largest 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 16 MONKSGATE lies on this distribution: 86% of detached houses houses are smaller than 16 MONKSGATE, and 14% of houses are larger. Note that EPC data is not available for all properties in Thetford.

16 MONKSGATE: Plot and Title Map

16 MONKSGATE sits on a plot of roughly 0.202 of an acre, or 818m². The below map shows the location of 16 MONKSGATE, 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 16 MONKSGATE). 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 16 MONKSGATE?

16 MONKSGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 16 on MONKSGATE.