LAKE HOUSE, CASTLE LANE, THETFORD, IP24 2ER - £710,000

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

LAKE HOUSE is a very large extended detached house of 250m², built sometime between 1967 and 1975. It was last sold for £710,000 in November 2021, which was around 109% above the average November 2021 detached price in the Breckland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was C.

LAKE HOUSE Sold Prices

Land registry data shows three sales for LAKE HOUSE 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 LAKE HOUSE sales were 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
2021 25 NOV	£710,000	£339,235	109% above HPI
2011 11 FEB	£382,500	£205,103	86% above HPI
2001 16 NOV	£226,000	£123,657	83% above HPI

LAKE HOUSE 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 LAKE HOUSE sales between November 2001 and November 2021 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 2011 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the November 2021 sale, where it rises to 109% above the HPI. The line then continues to track at 109% above the HPI.

How Large is LAKE HOUSE?

LAKE HOUSE is 250m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses by size in Thetford, and where LAKE HOUSE lies on this distribution: 99% of detached houses are smaller than LAKE HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Thetford.

LAKE HOUSE: Plot and Title Map

LAKE HOUSE sits on a plot of roughly 0.497 of an acre, or 2,011m². The below map shows the location of LAKE HOUSE, 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 LAKE HOUSE). 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 LAKE HOUSE?

LAKE HOUSE is located on CASTLE LANE in THETFORD, in the IP24 postcode district. The below map shows the position of LAKE HOUSE on CASTLE LANE.