2, THE MERE, HALE ROAD, ASHILL, THETFORD, IP25 7AX - £67,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE MERE is a very large detached house of 113m², built sometime between 1967 and 1975. It was last sold for £67,000 in July 1997, which was around 8% below the average July 1997 detached price in the Breckland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

2 THE MERE Sold Prices

Land registry data shows two sales for 2 THE MERE 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 THE MERE 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
1997 11 JUL	£67,000	£72,506	8% below HPI
1997 4 APR	£65,000	£68,505	5% below HPI

2 THE MERE 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 THE MERE sales from April 1997 and July 1997 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 1997 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 1997 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 THE MERE?

2 THE MERE is 113m² according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Ashill, based on EPC data. The below chart shows the distribution of detached houses by size in Ashill, and where 2 THE MERE lies on this distribution: 80% of detached houses are smaller than 2 THE MERE, and 20% of houses are larger. Note that EPC data is not available for all properties in Ashill.

2 THE MERE: Plot and Title Map

2 THE MERE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of 2 THE MERE, 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 THE MERE). 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 THE MERE?

2 THE MERE is located on HALE ROAD in ASHILL, in the IP25 postcode district. The below map shows the position of 2 THE MERE on HALE ROAD.