SPRING HOUSE, SPRING WALKS, THETFORD, IP24 3BU - £603,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SPRING HOUSE is a very large extended detached house of 333m², built sometime before 1900. It was last sold for £603,000 in March 2021, which was around 85% above the average March 2021 detached price in the Breckland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

SPRING HOUSE Sold Prices

Land registry data shows two sales for SPRING HOUSE 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. Both of the two SPRING 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 30 MAR	£603,000	£325,840	85% above HPI
2018 10 JUL	£568,888	£295,487	93% above HPI

SPRING 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 two SPRING HOUSE sales from July 2018 and March 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 July 2018 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the March 2021 sale, where it falls to 85% above the HPI. The line then continues to track at 85% above the HPI.

How Large is SPRING HOUSE?

SPRING HOUSE is 333m², which includes two extensions, according to the EPC inspection conducted in May 2018. 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 SPRING HOUSE lies on this distribution: More than 99% of detached houses are smaller than SPRING HOUSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Thetford.

SPRING HOUSE: Plot and Title Map

SPRING HOUSE sits on a plot of roughly 0.832 of an acre, or 3,366m². The below map shows the location of SPRING 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 SPRING 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 SPRING HOUSE?

SPRING HOUSE is located on SPRING WALKS in THETFORD, in the IP24 postcode district. The below map shows the position of SPRING HOUSE on SPRING WALKS.