24, PENNYCRESS DRIVE, THETFORD, IP24 2TU - £278,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 PENNYCRESS DRIVE is a midsized extended detached house of 102m², built sometime between 1996 and 2002. It was last sold for £278,000 in October 2023, which was around 23% below the average October 2023 detached price in the Breckland local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

24 PENNYCRESS DRIVE Sold Prices

Land registry data shows five sales for 24 PENNYCRESS DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the five 24 PENNYCRESS 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
2023 25 OCT	£278,000	£359,069	23% below HPI
2017 14 JUL	£224,000	£286,260	22% below HPI
2007 31 MAY	£180,000	£223,727	20% below HPI
2006 16 JUN	£168,450	£208,791	19% below HPI
2002 24 MAY	£117,500	£134,188	12% below HPI

24 PENNYCRESS 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 five 24 PENNYCRESS DRIVE sales between May 2002 and October 2023 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 July 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 24 PENNYCRESS DRIVE?

24 PENNYCRESS DRIVE is 102m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 50% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 24 PENNYCRESS DRIVE lies on this distribution: 40% of detached houses are smaller than 24 PENNYCRESS DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Thetford.

24 PENNYCRESS DRIVE: Plot and Title Map

24 PENNYCRESS DRIVE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 24 PENNYCRESS 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 24 PENNYCRESS 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 24 PENNYCRESS DRIVE?

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