2, BRAILSFORD CLOSE, DEREHAM, NR20 3TJ - £307,000

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.

2 BRAILSFORD CLOSE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £358,240. It was last sold for £307,000 in November 2020, which was around 3% below the average November 2020 detached price in the Breckland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

2 BRAILSFORD CLOSE Sold Prices

Land registry data shows two sales for 2 BRAILSFORD CLOSE 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. One of the two 2 BRAILSFORD CLOSE sales was for below the average price, whilst the other was 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
2020 17 NOV	£307,000	£317,446	3% below HPI
1998 8 JUN	£92,500	£78,059	19% above HPI

2 BRAILSFORD 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 two 2 BRAILSFORD CLOSE sales from June 1998 and November 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 June 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 BRAILSFORD CLOSE be worth now?

2 BRAILSFORD CLOSE might now be worth an estimated £358,240.

This is based on house price inflation of 16.7%, between November 2020 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 16.7% inflationary increase is applied to the most recent sale price for 2 BRAILSFORD CLOSE of £307,000 on 17th November 2020. For the value to have increased from £307,000 to £358,240 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 BRAILSFORD CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2020 sale price of £307,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BRAILSFORD CLOSE has not materially changed since November 2020.

How Large is 2 BRAILSFORD CLOSE?

2 BRAILSFORD CLOSE is 115m² according to the EPC inspection conducted in June 2020. This puts it in the largest 50% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 2 BRAILSFORD CLOSE lies on this distribution: 55% of detached houses houses are smaller than 2 BRAILSFORD CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Dereham.

2 BRAILSFORD CLOSE: Plot and Title Map

2 BRAILSFORD CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 2 BRAILSFORD 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 2 BRAILSFORD 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 2 BRAILSFORD CLOSE?

2 BRAILSFORD CLOSE is located in DEREHAM, in the NR20 postcode district. The below map shows the position of No. 2 on BRAILSFORD CLOSE.