3, THE HOME CLOSE, DEREHAM, NR19 1FE - £247,500

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

3 THE HOME CLOSE is a midsized detached house of 110m², built sometime from 2007 onwards, which could now be worth an estimated £446,831. It was last sold for £247,500 in March 2011, which was around 21% above the average March 2011 detached price in the Breckland local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

3 THE HOME CLOSE Sold Prices

Land registry data shows two sales for 3 THE HOME CLOSE 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 3 THE HOME 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
2011 30 MAR	£247,500	£203,781	21% above HPI
2006 26 JUL	£285,000	£212,589	34% above HPI

3 THE HOME CLOSE 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 3 THE HOME CLOSE sales from July 2006 and March 2011 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 2006 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2011 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 THE HOME CLOSE be worth now?

3 THE HOME CLOSE might now be worth an estimated £446,831.

This is based on house price inflation of 80.5%, between March 2011 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 80.5% inflationary increase is applied to the most recent sale price for 3 THE HOME CLOSE of £247,500 on 30th March 2011. For the value to have increased from £247,500 to £446,831 over the twelve years and three months to December 2024, the following assumptions must hold true:

• The value of 3 THE HOME CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2011 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE HOME CLOSE has not materially changed since March 2011.

How Large is 3 THE HOME CLOSE?

3 THE HOME CLOSE is 110m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 50% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where 3 THE HOME CLOSE lies on this distribution: 49% of detached houses houses are smaller than 3 THE HOME CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Dereham.

3 THE HOME CLOSE: Plot and Title Map

3 THE HOME CLOSE sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 3 THE HOME 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 THE HOME 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 THE HOME CLOSE?

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