BALACHLY, GREEN LANE, THETFORD, IP24 2EX - £255,000

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

BALACHLY is a very small detached house of 79m², built sometime between 1930 and 1949. It was last sold for £255,000 in July 2024, which was around 29% below the average July 2024 detached price in the Breckland local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

BALACHLY Sold Prices

Land registry data shows two sales for BALACHLY 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 BALACHLY 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 10 JUL	£255,000	£356,703	29% below HPI
1999 13 OCT	£75,000	£92,232	19% below HPI

BALACHLY 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 BALACHLY sales from October 1999 and July 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 October 1999 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is BALACHLY?

BALACHLY is 79m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 20% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where BALACHLY lies on this distribution: 15% of detached houses are smaller than BALACHLY, and 85% of houses are larger. Note that EPC data is not available for all properties in Thetford.

BALACHLY: Plot and Title Map

BALACHLY sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of BALACHLY, 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 BALACHLY). 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 BALACHLY?

BALACHLY is located on GREEN LANE in THETFORD, in the IP24 postcode district. The below map shows the position of BALACHLY on GREEN LANE.