2, HOME FARM PARK, GREAT HOCKHAM, THETFORD, IP24 1NN - £237,000

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

2 HOME FARM PARK is a small extended detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £428,791. It was last sold for £237,000 in February 2013, which was around 16% above the average February 2013 detached price in the Breckland local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

2 HOME FARM PARK Sold Prices

Land registry data shows three sales for 2 HOME FARM PARK 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 2 HOME FARM PARK 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
2013 22 FEB	£237,000	£204,743	16% above HPI
2005 21 OCT	£220,000	£206,292	7% above HPI
2004 18 JUN	£199,000	£193,180	3% above HPI

2 HOME FARM PARK 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 2 HOME FARM PARK sales between June 2004 and February 2013 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 October 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2013 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 HOME FARM PARK be worth now?

2 HOME FARM PARK might now be worth an estimated £428,791.

This is based on house price inflation of 80.9%, between February 2013 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 80.9% inflationary increase is applied to the most recent sale price for 2 HOME FARM PARK of £237,000 on 22nd February 2013. For the value to have increased from £237,000 to £428,791 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 2 HOME FARM PARK has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2013 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOME FARM PARK has not materially changed since February 2013.

How Large is 2 HOME FARM PARK?

2 HOME FARM PARK is 102m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the smallest 40% of detached houses houses in Great Hockham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Hockham, and where 2 HOME FARM PARK lies on this distribution: 36% of detached houses houses are smaller than 2 HOME FARM PARK, and 64% of houses are larger. Note that EPC data is not available for all properties in Great Hockham.

2 HOME FARM PARK: Plot and Title Map

2 HOME FARM PARK sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 2 HOME FARM PARK, 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 HOME FARM PARK). 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 HOME FARM PARK?

2 HOME FARM PARK is located in GREAT HOCKHAM, in the IP24 postcode district. The below map shows the position of No. 2 on HOME FARM PARK.