6, MONKSGATE, THETFORD, IP24 1BX - £315,000

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

6 MONKSGATE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £315,000 in March 2024, which was around 12% below the average March 2024 detached price in the Breckland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

6 MONKSGATE Sold Prices

Land registry data shows four sales for 6 MONKSGATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Most of the four 6 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
2024 6 MAR	£315,000	£359,959	12% below HPI
2019 6 FEB	£303,000	£300,411	1% above HPI
2004 12 NOV	£184,500	£199,004	7% below HPI
1996 19 JUN	£53,000	£64,006	17% below HPI

6 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 four 6 MONKSGATE sales between June 1996 and March 2024 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 February 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2024 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 6 MONKSGATE?

6 MONKSGATE is 85m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 30% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where 6 MONKSGATE lies on this distribution: 20% of detached houses are smaller than 6 MONKSGATE, and 79% of houses are larger. Note that EPC data is not available for all properties in Thetford.

6 MONKSGATE: Plot and Title Map

6 MONKSGATE sits on a plot of roughly 0.205 of an acre, or 828m². The below map shows the location of 6 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 6 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 6 MONKSGATE?

6 MONKSGATE is located in THETFORD, in the IP24 postcode district. The below map shows the position of No. 6 on MONKSGATE.