HOMELEA, CHURCH STREET, ASHILL, THETFORD, IP25 7AW - £260,000

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.

HOMELEA is a very large extended detached house of 125m², built sometime between 1976 and 1982, which could now be worth an estimated £315,295. It was last sold for £260,000 in March 2020, which was around 15% below the average March 2020 detached price in the Breckland local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

HOMELEA Sold Prices

Land registry data shows three sales for HOMELEA 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. All of the three HOMELEA 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
2020 19 MAR	£260,000	£305,466	15% below HPI
2016 4 MAR	£192,500	£260,561	26% below HPI
2004 20 OCT	£175,000	£194,960	10% below HPI

HOMELEA 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 HOMELEA sales between October 2004 and March 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 March 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might HOMELEA be worth now?

HOMELEA might now be worth an estimated £315,295.

This is based on house price inflation of 21.3%, between March 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 21.3% inflationary increase is applied to the most recent sale price for HOMELEA of £260,000 on 19th March 2020. For the value to have increased from £260,000 to £315,295 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of HOMELEA has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEA has not materially changed since March 2020.

How Large is HOMELEA?

HOMELEA is 125m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 20% of detached houses houses in Ashill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashill, and where HOMELEA lies on this distribution: 85% of detached houses houses are smaller than HOMELEA, and 15% of houses are larger. Note that EPC data is not available for all properties in Ashill.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located on CHURCH STREET in ASHILL, in the IP25 postcode district. The below map shows the position of HOMELEA on CHURCH STREET.