3, LILAC CLOSE, DEREHAM, NR19 1JY - £232,500

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.

3 LILAC CLOSE is a very small semi-detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £289,267. It was last sold for £232,500 in February 2020, which was around 21% above the average February 2020 semi-detached price in the Breckland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

3 LILAC CLOSE Sold Prices

Land registry data shows four sales for 3 LILAC CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. All of the four 3 LILAC CLOSE 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
2020 17 FEB	£232,500	£192,928	21% above HPI
2011 29 MAR	£157,000	£130,966	20% above HPI
2006 10 NOV	£166,500	£142,171	17% above HPI
2006 21 APR	£135,750	£133,597	2% above HPI

3 LILAC CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Breckland local authority area over time, sourced from the HPI. The four 3 LILAC CLOSE sales between April 2006 and February 2020 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 March 2011 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2020 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 LILAC CLOSE be worth now?

3 LILAC CLOSE might now be worth an estimated £289,267.

This is based on house price inflation of 24.4%, between February 2020 and February 2025, for semi-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 24.4% inflationary increase is applied to the most recent sale price for 3 LILAC CLOSE of £232,500 on 17th February 2020. For the value to have increased from £232,500 to £289,267 over the five years to February 2025, the following assumptions must hold true:

• The value of 3 LILAC CLOSE has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The February 2020 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LILAC CLOSE has not materially changed since February 2020.

How Large is 3 LILAC CLOSE?

3 LILAC CLOSE is 81m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of semi-detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Dereham, and where 3 LILAC CLOSE lies on this distribution: 19% of semi-detached houses houses are smaller than 3 LILAC CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Dereham.

3 LILAC CLOSE: Plot and Title Map

3 LILAC CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 3 LILAC CLOSE, 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 3 LILAC CLOSE). 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 3 LILAC CLOSE?

3 LILAC CLOSE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 3 on LILAC CLOSE.