31, SCOTGATE CLOSE, GREAT HOCKHAM, THETFORD, IP24 1PF - £215,000

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

31 SCOTGATE CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £218,662. It was last sold for £215,000 in November 2024, which was around 41% below the average November 2024 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

31 SCOTGATE CLOSE Sold Prices

Land registry data shows three sales for 31 SCOTGATE CLOSE 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 31 SCOTGATE CLOSE 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
2024 8 NOV	£215,000	£364,227	41% below HPI
2016 11 APR	£214,000	£262,288	18% below HPI
2001 26 AUG	£83,500	£120,031	30% below HPI

31 SCOTGATE 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 three 31 SCOTGATE CLOSE sales between August 2001 and November 2024 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 April 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 31 SCOTGATE CLOSE be worth now?

31 SCOTGATE CLOSE might now be worth an estimated £218,662.

This is based on house price inflation of 1.7%, between November 2024 and February 2025, 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 1.7% inflationary increase is applied to the most recent sale price for 31 SCOTGATE CLOSE of £215,000 on 8th November 2024. For the value to have increased from £215,000 to £218,662 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 31 SCOTGATE CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2024 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SCOTGATE CLOSE has not materially changed since November 2024.

How Large is 31 SCOTGATE CLOSE?

31 SCOTGATE CLOSE is 75m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses houses in Great Hockham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Hockham, and where 31 SCOTGATE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 31 SCOTGATE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Great Hockham.

31 SCOTGATE CLOSE: Plot and Title Map

31 SCOTGATE CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 31 SCOTGATE 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 31 SCOTGATE 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 31 SCOTGATE CLOSE?

31 SCOTGATE CLOSE is located in GREAT HOCKHAM, in the IP24 postcode district. The below map shows the position of No. 31 on SCOTGATE CLOSE.