24, MILL LANE, THETFORD, IP24 3BZ - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 MILL LANE is a very large extended detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £383,333. It was last sold for £270,000 in January 2016, which was around 4% above the average January 2016 detached price in the Breckland local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

24 MILL LANE Sold Prices

Land registry data shows three sales for 24 MILL LANE 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 24 MILL LANE 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
2016 21 JAN	£270,000	£259,131	4% above HPI
2006 3 MAY	£227,000	£209,730	8% above HPI
2002 18 JUN	£175,000	£137,732	27% above HPI

24 MILL LANE 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 24 MILL LANE sales between June 2002 and January 2016 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 May 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 24 MILL LANE be worth now?

24 MILL LANE might now be worth an estimated £383,333.

This is based on house price inflation of 42%, between January 2016 and December 2024, 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 42% inflationary increase is applied to the most recent sale price for 24 MILL LANE of £270,000 on 21st January 2016. For the value to have increased from £270,000 to £383,333 over the seven years and one month to December 2024, the following assumptions must hold true:

• The value of 24 MILL LANE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The January 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MILL LANE has not materially changed since January 2016.

How Large is 24 MILL LANE?

24 MILL LANE is 146m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% 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 24 MILL LANE lies on this distribution: 82% of detached houses houses are smaller than 24 MILL LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Thetford.

24 MILL LANE: Plot and Title Map

24 MILL LANE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 24 MILL LANE, 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 24 MILL LANE). 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 24 MILL LANE?

24 MILL LANE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 24 on MILL LANE.