4, THE GROVE, DEREHAM, NR19 1BH - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 THE GROVE is a large extended detached house of 134m², built sometime between 1967 and 1975, which could now be worth an estimated £417,896. It was last sold for £245,000 in February 2014, which was around 13% above the average February 2014 detached price in the Breckland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

4 THE GROVE Sold Prices

Land registry data shows two sales for 4 THE GROVE 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. One of the two 4 THE GROVE sales was for above the average price, whilst the other was 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
2014 13 FEB	£245,000	£217,172	13% above HPI
2005 24 MAY	£185,000	£198,806	7% below HPI

4 THE GROVE 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 4 THE GROVE sales from May 2005 and February 2014 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 May 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2014 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 4 THE GROVE be worth now?

4 THE GROVE might now be worth an estimated £417,896.

This is based on house price inflation of 70.6%, between February 2014 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 70.6% inflationary increase is applied to the most recent sale price for 4 THE GROVE of £245,000 on 13th February 2014. For the value to have increased from £245,000 to £417,896 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 4 THE GROVE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2014 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE GROVE has not materially changed since February 2014.

How Large is 4 THE GROVE?

4 THE GROVE is 134m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the largest 30% 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 4 THE GROVE lies on this distribution: 73% of detached houses houses are smaller than 4 THE GROVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Dereham.

4 THE GROVE: Plot and Title Map

4 THE GROVE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 4 THE GROVE, 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 THE GROVE). 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 THE GROVE?

4 THE GROVE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 4 on THE GROVE.