2, PETER DRIVE, THETFORD, IP24 2UG - £175,000

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

2 PETER DRIVE is a small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £175,000 in May 2012, which was around 13% below the average May 2012 detached price in the Breckland local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

2 PETER DRIVE Sold Prices

Land registry data shows three sales for 2 PETER DRIVE 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 PETER 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
2012 4 MAY	£175,000	£200,383	13% below HPI
2006 10 APR	£181,500	£202,527	10% below HPI
2004 24 SEP	£180,950	£189,097	4% below HPI

2 PETER 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 three 2 PETER DRIVE sales between September 2004 and May 2012 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 April 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2012 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 PETER DRIVE?

2 PETER DRIVE is 88m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 2 PETER DRIVE lies on this distribution: 24% of detached houses are smaller than 2 PETER DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Thetford.

2 PETER DRIVE: Plot and Title Map

2 PETER DRIVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 2 PETER 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 2 PETER 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 2 PETER DRIVE?

2 PETER DRIVE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 2 on PETER DRIVE.