25, MONKSGATE, THETFORD, IP24 1BY - £264,000

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

25 MONKSGATE is a small detached house of 96m², built sometime between 1967 and 1975. It was last sold for £264,000 in May 2019, which was around 10% below the average May 2019 detached price in the Breckland local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

25 MONKSGATE Sold Prices

Land registry data shows two sales for 25 MONKSGATE 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 25 MONKSGATE 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 31 MAY	£264,000	£292,655	10% below HPI
2004 17 DEC	£70,000	£204,741	66% below HPI

25 MONKSGATE 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 25 MONKSGATE sales from December 2004 and May 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 December 2004 sale was for 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the May 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 25 MONKSGATE?

25 MONKSGATE is 96m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 25 MONKSGATE lies on this distribution: 31% of detached houses are smaller than 25 MONKSGATE, and 67% of houses are larger. Note that EPC data is not available for all properties in Thetford.

25 MONKSGATE: Plot and Title Map

25 MONKSGATE sits on a plot of roughly 0.227 of an acre, or 921m². The below map shows the location of 25 MONKSGATE, 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 25 MONKSGATE). 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 25 MONKSGATE?

25 MONKSGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 25 on MONKSGATE.