2, SPINDLE DRIVE, THETFORD, IP24 2UQ - £300,000

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 SPINDLE DRIVE is a midsized detached house of 114m², built sometime between 2003 and 2006, which could now be worth an estimated £377,692. It was last sold for £300,000 in June 2019, which was around 2% above the average June 2019 detached price in the Breckland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

2 SPINDLE DRIVE Sold Prices

Land registry data shows two sales for 2 SPINDLE DRIVE 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 2 SPINDLE DRIVE 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
2019 6 JUN	£300,000	£294,232	2% above HPI
2011 29 JUN	£210,000	£202,144	4% above HPI

2 SPINDLE 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 two 2 SPINDLE DRIVE sales from June 2011 and June 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 June 2011 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2019 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 SPINDLE DRIVE be worth now?

2 SPINDLE DRIVE might now be worth an estimated £377,692.

This is based on house price inflation of 25.9%, between June 2019 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 25.9% inflationary increase is applied to the most recent sale price for 2 SPINDLE DRIVE of £300,000 on 6th June 2019. For the value to have increased from £300,000 to £377,692 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 2 SPINDLE DRIVE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The June 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPINDLE DRIVE has not materially changed since June 2019.

How Large is 2 SPINDLE DRIVE?

2 SPINDLE DRIVE is 114m² according to the EPC inspection conducted in February 2010. This puts it in the largest 50% of detached houses houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thetford, and where 2 SPINDLE DRIVE lies on this distribution: 58% of detached houses houses are smaller than 2 SPINDLE DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Thetford.

2 SPINDLE DRIVE: Plot and Title Map

2 SPINDLE DRIVE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 2 SPINDLE 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 SPINDLE 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 SPINDLE DRIVE?

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