2, RINGMERE CLOSE, WATTON, THETFORD, IP25 6LQ - £165,000

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 RINGMERE CLOSE is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £165,000 in December 2019, which was around 44% below the average December 2019 detached price in the Breckland local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

2 RINGMERE CLOSE Sold Prices

Land registry data shows four sales for 2 RINGMERE CLOSE 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 2 RINGMERE CLOSE 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
2019 13 DEC	£165,000	£296,235	44% below HPI
2019 29 NOV	£165,000	£296,126	44% below HPI
2008 14 MAR	£147,500	£226,928	35% below HPI
2007 23 APR	£120,000	£218,289	45% below HPI

2 RINGMERE 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 four 2 RINGMERE CLOSE sales between April 2007 and December 2019 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 November 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2019 sale, which was also at 44% below the HPI.

How Large is 2 RINGMERE CLOSE?

2 RINGMERE CLOSE is 55m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses in Watton, based on EPC data. The below chart shows the distribution of detached houses by size in Watton, and where 2 RINGMERE CLOSE lies on this distribution: 2% of detached houses are smaller than 2 RINGMERE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Watton.

2 RINGMERE CLOSE: Plot and Title Map

2 RINGMERE CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 RINGMERE 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 RINGMERE 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 RINGMERE CLOSE?

2 RINGMERE CLOSE is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 2 on RINGMERE CLOSE.