4, GRESLEY CLOSE, GRESSENHALL, DEREHAM, NR20 4EL - £175,449

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

4 GRESLEY CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £312,968. It was last sold for £175,449 in August 2011, which was around 15% below the average August 2011 detached price in the Breckland local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was D.

4 GRESLEY CLOSE Sold Prices

Land registry data shows three sales for 4 GRESLEY 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. Two of the three 4 GRESLEY CLOSE sales were for below the average price, whilst one was 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 16 AUG	£175,449	£206,245	15% below HPI
2009 18 SEP	£153,500	£204,795	25% below HPI
2002 5 FEB	£133,995	£126,448	6% above HPI

4 GRESLEY 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 4 GRESLEY CLOSE sales between February 2002 and August 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 September 2009 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2011 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 4 GRESLEY CLOSE be worth now?

4 GRESLEY CLOSE might now be worth an estimated £312,968.

This is based on house price inflation of 78.4%, between August 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 78.4% inflationary increase is applied to the most recent sale price for 4 GRESLEY CLOSE of £175,449 on 16th August 2011. For the value to have increased from £175,449 to £312,968 over the twelve years and eight months to December 2024, the following assumptions must hold true:

• The value of 4 GRESLEY CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2011 sale price of £175,449 represented a fair market value for the property.
• The size, condition, and specification of 4 GRESLEY CLOSE has not materially changed since August 2011.

How Large is 4 GRESLEY CLOSE?

4 GRESLEY CLOSE is 70m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% of detached houses houses in Gressenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gressenhall, and where 4 GRESLEY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 4 GRESLEY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Gressenhall.

4 GRESLEY CLOSE: Plot and Title Map

4 GRESLEY CLOSE sits on a plot of roughly 0.226 of an acre, or 913m². The below map shows the location of 4 GRESLEY 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 4 GRESLEY 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 4 GRESLEY CLOSE?

4 GRESLEY CLOSE is located in GRESSENHALL, in the NR20 postcode district. The below map shows the position of No. 4 on GRESLEY CLOSE.