AVALON, SHROPHAM ROAD, GREAT HOCKHAM, THETFORD, IP24 1NL - £140,000

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

AVALON is a very small extended detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £241,779. It was last sold for £140,000 in August 2010, which was around 35% below the average August 2010 detached price in the Breckland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

AVALON Sold Prices

Land registry data shows two sales for AVALON 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 AVALON 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
2010 5 AUG	£140,000	£214,494	35% below HPI
1998 17 AUG	£57,000	£79,305	28% below HPI

AVALON 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 AVALON sales from August 1998 and August 2010 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 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2010 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might AVALON be worth now?

AVALON might now be worth an estimated £241,779.

This is based on house price inflation of 72.7%, between August 2010 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 72.7% inflationary increase is applied to the most recent sale price for AVALON of £140,000 on 5th August 2010. For the value to have increased from £140,000 to £241,779 over the fifteen years and six months to February 2025, the following assumptions must hold true:

• The value of AVALON has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2010 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of AVALON has not materially changed since August 2010.

How Large is AVALON?

AVALON is 75m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses houses in Great Hockham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Hockham, and where AVALON lies on this distribution: 12% of detached houses houses are smaller than AVALON, and 88% of houses are larger. Note that EPC data is not available for all properties in Great Hockham.

AVALON: Plot and Title Map

AVALON sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of AVALON, 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 AVALON). 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 AVALON?

AVALON is located on SHROPHAM ROAD in GREAT HOCKHAM, in the IP24 postcode district. The below map shows the position of AVALON on SHROPHAM ROAD.