2, WHEATACRES, THETFORD, IP24 1AQ - £290,000

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 WHEATACRES is a very small detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £285,909. It was last sold for £290,000 in October 2022, which was around 23% below the average October 2022 detached price in the Breckland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

2 WHEATACRES Sold Prices

Land registry data shows three sales for 2 WHEATACRES 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 WHEATACRES 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
2022 10 OCT	£290,000	£375,730	23% below HPI
2018 12 NOV	£240,000	£303,623	21% below HPI
2015 18 DEC	£198,000	£258,489	23% below HPI

2 WHEATACRES 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 WHEATACRES sales between December 2015 and October 2022 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 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 WHEATACRES be worth now?

2 WHEATACRES might now be worth an estimated £285,909.

This is based on house price deflation of 1.4%, between October 2022 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 1.4% deflationary decrease is applied to the most recent sale price for 2 WHEATACRES of £290,000 on 10th October 2022. For the value to have decreased from £290,000 to £285,909 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 WHEATACRES has moved in line with the HPI for detached houses in the Breckland local authority area.
• The October 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WHEATACRES has not materially changed since October 2022.

How Large is 2 WHEATACRES?

2 WHEATACRES is 73m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% 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 WHEATACRES lies on this distribution: 8% of detached houses houses are smaller than 2 WHEATACRES, and 91% of houses are larger. Note that EPC data is not available for all properties in Thetford.

2 WHEATACRES: Plot and Title Map

2 WHEATACRES sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 2 WHEATACRES, 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 WHEATACRES). 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 WHEATACRES?

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