32, MONKSGATE, THETFORD, IP24 1BY - £290,000

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

32 MONKSGATE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £290,000 in August 2019, which was around 3% below the average August 2019 detached price in the Breckland local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

32 MONKSGATE Sold Prices

Land registry data shows three sales for 32 MONKSGATE 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 32 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 27 AUG	£290,000	£300,062	3% below HPI
2015 10 JUL	£192,000	£244,384	21% below HPI
1995 15 SEP	£59,999	£68,342	12% below HPI

32 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 three 32 MONKSGATE sales between September 1995 and August 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 July 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2019 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 32 MONKSGATE?

32 MONKSGATE is 75m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 32 MONKSGATE lies on this distribution: 10% of detached houses are smaller than 32 MONKSGATE, and 89% of houses are larger. Note that EPC data is not available for all properties in Thetford.

32 MONKSGATE: Plot and Title Map

32 MONKSGATE sits on a plot of roughly 0.168 of an acre, or 681m². The below map shows the location of 32 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 32 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 32 MONKSGATE?

32 MONKSGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 32 on MONKSGATE.