39, MONKSGATE, THETFORD, IP24 1BY - £185,000

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

39 MONKSGATE is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £185,000 in January 2016, which was around 29% below the average January 2016 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

39 MONKSGATE Sold Prices

Land registry data shows two sales for 39 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 39 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
2016 5 JAN	£185,000	£259,131	29% below HPI
2013 27 SEP	£155,000	£217,515	29% below HPI

39 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 39 MONKSGATE sales from September 2013 and January 2016 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 September 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2016 sale, which was also at 29% below the HPI.

What might 39 MONKSGATE be worth now?

39 MONKSGATE might now be worth an estimated £262,654.

This is based on house price inflation of 42%, between January 2016 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 42% inflationary increase is applied to the most recent sale price for 39 MONKSGATE of £185,000 on 5th January 2016. For the value to have increased from £185,000 to £262,654 over the seven years and one month to December 2024, the following assumptions must hold true:

• The value of 39 MONKSGATE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The January 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 39 MONKSGATE has not materially changed since January 2016.

How Large is 39 MONKSGATE?

39 MONKSGATE is 82m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thetford, and where 39 MONKSGATE lies on this distribution: 17% of detached houses houses are smaller than 39 MONKSGATE, and 82% of houses are larger. Note that EPC data is not available for all properties in Thetford.

39 MONKSGATE: Plot and Title Map

39 MONKSGATE sits on a plot of roughly 0.222 of an acre, or 900m². The below map shows the location of 39 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 39 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 39 MONKSGATE?

39 MONKSGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 39 on MONKSGATE.