GREENFIELDS, REDHILL LANE, WATTON, THETFORD, IP25 6RE - £210,000

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.

GREENFIELDS is a small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £263,058. It was last sold for £210,000 in May 2020, which was around 29% below the average May 2020 detached price in the Breckland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was B.

GREENFIELDS Sold Prices

Land registry data shows two sales for GREENFIELDS 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 GREENFIELDS sales was for below the average price, whilst the other was for above 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
2020 7 MAY	£210,000	£295,715	29% below HPI
2003 10 JUN	£200,000	£165,484	21% above HPI

GREENFIELDS 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 GREENFIELDS sales from June 2003 and May 2020 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 June 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might GREENFIELDS be worth now?

GREENFIELDS might now be worth an estimated £263,058.

This is based on house price inflation of 25.3%, between May 2020 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 25.3% inflationary increase is applied to the most recent sale price for GREENFIELDS of £210,000 on 7th May 2020. For the value to have increased from £210,000 to £263,058 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of GREENFIELDS has moved in line with the HPI for detached houses in the Breckland local authority area.
• The May 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of GREENFIELDS has not materially changed since May 2020.

How Large is GREENFIELDS?

GREENFIELDS is 74m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses houses in Watton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watton, and where GREENFIELDS lies on this distribution: 22% of detached houses houses are smaller than GREENFIELDS, and 77% of houses are larger. Note that EPC data is not available for all properties in Watton.

GREENFIELDS: Plot and Title Map

GREENFIELDS sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of GREENFIELDS, 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 GREENFIELDS). 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 GREENFIELDS?

GREENFIELDS is located on REDHILL LANE in WATTON, in the IP25 postcode district. The below map shows the position of GREENFIELDS on REDHILL LANE.