PARK HOUSE, GREEN LANE, THETFORD, IP24 2EX - £720,000

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.

PARK HOUSE is a very large detached house of 258m², built sometime between 1991 and 1995, which could now be worth an estimated £726,802. It was last sold for £720,000 in April 2023, which was around 96% above the average April 2023 detached price in the Breckland local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

PARK HOUSE Sold Prices

Land registry data shows four sales for PARK HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four PARK 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
2023 26 APR	£720,000	£366,963	96% above HPI
2003 17 APR	£325,000	£163,891	98% above HPI
2002 1 MAR	£300,000	£125,055	140% above HPI
1998 18 SEP	£163,000	£79,776	104% above HPI

PARK 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 four PARK HOUSE sales between September 1998 and April 2023 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 April 2003 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the April 2023 sale, where it falls to 96% above the HPI. The line then continues to track at 96% above the HPI.

What might PARK HOUSE be worth now?

PARK HOUSE might now be worth an estimated £726,802.

This is based on house price inflation of 0.9%, between April 2023 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 0.9% inflationary increase is applied to the most recent sale price for PARK HOUSE of £720,000 on 26th April 2023. For the value to have increased from £720,000 to £726,802 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of PARK HOUSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The April 2023 sale price of £720,000 represented a fair market value for the property.
• The size, condition, and specification of PARK HOUSE has not materially changed since April 2023.

How Large is PARK HOUSE?

PARK HOUSE is 258m² according to the EPC inspection conducted in December 2022. This puts it in the largest 10% of detached houses houses in Thetford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thetford, and where PARK HOUSE lies on this distribution: 99% of detached houses houses are smaller than PARK HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Thetford.

PARK HOUSE: Plot and Title Map

PARK HOUSE sits on a plot of roughly 0.211 of an acre, or 855m². The below map shows the location of PARK 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 PARK 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 PARK HOUSE?

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