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

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 WHEATACRES is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £290,000 in October 2022, which was around 22% 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	£372,828	22% below HPI
2018 12 NOV	£240,000	£301,278	20% below HPI
2015 18 DEC	£198,000	£256,492	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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

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 in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 2 WHEATACRES lies on this distribution: 8% of detached 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.