5, THE WRENS, THETFORD, IP24 2YW - £302,000

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.

5 THE WRENS is a large extended detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £373,198. It was last sold for £302,000 in March 2018, which was about the average March 2018 detached price in the Breckland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

5 THE WRENS Sold Prices

Land registry data shows three sales for 5 THE WRENS 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. The three 5 THE WRENS sales were a mix of roughly equal to the average price, above the average price, and 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
2018 9 MAR	£302,000	£301,628	Close to HPI
2012 24 AUG	£207,000	£212,462	3% below HPI
1995 20 OCT	£83,250	£67,890	23% above HPI

5 THE WRENS 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 5 THE WRENS sales between October 1995 and March 2018 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 August 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 5 THE WRENS be worth now?

5 THE WRENS might now be worth an estimated £373,198.

This is based on house price inflation of 23.6%, between March 2018 and March 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 23.6% inflationary increase is applied to the most recent sale price for 5 THE WRENS of £302,000 on 9th March 2018. For the value to have increased from £302,000 to £373,198 over the seven years to March 2025, the following assumptions must hold true:

• The value of 5 THE WRENS has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2018 sale price of £302,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE WRENS has not materially changed since March 2018.

How Large is 5 THE WRENS?

5 THE WRENS is 117m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 40% 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 5 THE WRENS lies on this distribution: 63% of detached houses houses are smaller than 5 THE WRENS, and 37% of houses are larger. Note that EPC data is not available for all properties in Thetford.

5 THE WRENS: Plot and Title Map

5 THE WRENS sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 5 THE WRENS, 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 5 THE WRENS). 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 5 THE WRENS?

5 THE WRENS is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 5 on THE WRENS.