2, WOOD DRIVE, BEETLEY, DEREHAM, NR20 4PW - £215,000

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 WOOD DRIVE is a very small detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £263,370. It was last sold for £215,000 in August 2019, which was around 29% below the average August 2019 detached price in the Breckland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was D.

2 WOOD DRIVE Sold Prices

Land registry data shows two sales for 2 WOOD 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 WOOD DRIVE 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 2 AUG	£215,000	£302,398	29% below HPI
2008 29 FEB	£144,000	£232,043	38% below HPI

2 WOOD 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 WOOD DRIVE sales from February 2008 and August 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 February 2008 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2019 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 WOOD DRIVE be worth now?

2 WOOD DRIVE might now be worth an estimated £263,370.

This is based on house price inflation of 22.5%, between August 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 22.5% inflationary increase is applied to the most recent sale price for 2 WOOD DRIVE of £215,000 on 2nd August 2019. For the value to have increased from £215,000 to £263,370 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 2 WOOD DRIVE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WOOD DRIVE has not materially changed since August 2019.

How Large is 2 WOOD DRIVE?

2 WOOD DRIVE is 76m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Beetley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Beetley, and where 2 WOOD DRIVE lies on this distribution: 19% of detached houses houses are smaller than 2 WOOD DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Beetley.

2 WOOD DRIVE: Plot and Title Map

2 WOOD DRIVE sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 2 WOOD 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 WOOD 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 WOOD DRIVE?

2 WOOD DRIVE is located in BEETLEY, in the NR20 postcode district. The below map shows the position of No. 2 on WOOD DRIVE.