18, MERCHANTS COURT, WATTON, THETFORD, IP25 6FJ - £114,000

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.

18 MERCHANTS COURT is a midsized extended detached house of 97m², built sometime between 2003 and 2006, which could now be worth an estimated £183,482. It was last sold for £114,000 in May 2014, which was around 50% below the average May 2014 detached price in the Breckland local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

18 MERCHANTS COURT Sold Prices

Land registry data shows two sales for 18 MERCHANTS COURT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two 18 MERCHANTS COURT 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
2014 23 MAY	£114,000	£230,154	50% below HPI
2009 29 MAY	£90,000	£193,945	54% below HPI

18 MERCHANTS COURT 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 two 18 MERCHANTS COURT sales from May 2009 and May 2014 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 2009 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the May 2014 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 18 MERCHANTS COURT be worth now?

18 MERCHANTS COURT might now be worth an estimated £183,482.

This is based on house price inflation of 60.9%, between May 2014 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 60.9% inflationary increase is applied to the most recent sale price for 18 MERCHANTS COURT of £114,000 on 23rd May 2014. For the value to have increased from £114,000 to £183,482 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 18 MERCHANTS COURT has moved in line with the HPI for detached houses in the Breckland local authority area.
• The May 2014 sale price of £114,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MERCHANTS COURT has not materially changed since May 2014.

How Large is 18 MERCHANTS COURT?

18 MERCHANTS COURT is 97m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the largest 50% of detached houses houses in Watton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watton, and where 18 MERCHANTS COURT lies on this distribution: 55% of detached houses houses are smaller than 18 MERCHANTS COURT, and 43% of houses are larger. Note that EPC data is not available for all properties in Watton.

18 MERCHANTS COURT: Plot and Title Map

18 MERCHANTS COURT sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of 18 MERCHANTS COURT, 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 18 MERCHANTS COURT). 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 18 MERCHANTS COURT?

18 MERCHANTS COURT is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 18 on MERCHANTS COURT.