16, PENNYCRESS DRIVE, THETFORD, IP24 2TU - £160,000

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

16 PENNYCRESS DRIVE is a very small semi-detached house of 59m², built sometime between 1996 and 2002. It was last sold for £160,000 in January 2020, which was around 45% below the average January 2020 detached price in the Breckland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

16 PENNYCRESS DRIVE Sold Prices

Land registry data shows four sales for 16 PENNYCRESS DRIVE 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 16 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
2020 31 JAN	£160,000	£293,397	45% below HPI
2015 7 JUL	£145,000	£244,384	41% below HPI
2006 22 MAY	£110,000	£208,110	47% below HPI
2002 12 APR	£70,750	£132,305	47% below HPI

16 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 four 16 PENNYCRESS DRIVE sales between April 2002 and January 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 July 2015 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2020 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 16 PENNYCRESS DRIVE?

16 PENNYCRESS DRIVE is 59m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 16 PENNYCRESS DRIVE lies on this distribution: 2% of detached houses are smaller than 16 PENNYCRESS DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Thetford.

16 PENNYCRESS DRIVE: Plot and Title Map

16 PENNYCRESS DRIVE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 16 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 16 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 16 PENNYCRESS DRIVE?

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