MUSTARD, DEREHAM ROAD, COLKIRK, FAKENHAM, NR21 7NQ - £325,000

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.

MUSTARD is a large extended detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £430,209. It was last sold for £325,000 in February 2017, which was around 16% above the average February 2017 detached price in the Breckland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

MUSTARD Sold Prices

Land registry data shows two sales for MUSTARD 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 MUSTARD sales was for above the average price, whilst the other was roughly equal to 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
2017 14 FEB	£325,000	£279,840	16% above HPI
2006 13 JUN	£210,000	£210,416	Close to HPI

MUSTARD 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 MUSTARD sales from June 2006 and February 2017 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 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2017 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might MUSTARD be worth now?

MUSTARD might now be worth an estimated £430,209.

This is based on house price inflation of 32.4%, between February 2017 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 32.4% inflationary increase is applied to the most recent sale price for MUSTARD of £325,000 on 14th February 2017. For the value to have increased from £325,000 to £430,209 over the eight years to February 2025, the following assumptions must hold true:

• The value of MUSTARD has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of MUSTARD has not materially changed since February 2017.

How Large is MUSTARD?

MUSTARD is 161m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 40% of detached houses houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colkirk, and where MUSTARD lies on this distribution: 68% of detached houses houses are smaller than MUSTARD, and 32% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

MUSTARD: Plot and Title Map

MUSTARD sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of MUSTARD, 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 MUSTARD). 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 MUSTARD?

MUSTARD is located on DEREHAM ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of MUSTARD on DEREHAM ROAD.