STORNOWAY, MARLPIT ROAD, THOMPSON, THETFORD, IP24 1PR - £275,000

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

STORNOWAY is a large extended detached house of 190m², built sometime between 1991 and 1995. It was last sold for £275,000 in December 2007, which was around 18% above the average December 2007 detached price in the Breckland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

STORNOWAY Sold Prices

Land registry data shows two sales for STORNOWAY 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 STORNOWAY 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
2007 14 DEC	£275,000	£233,612	18% above HPI
1999 31 AUG	£106,000	£85,736	24% above HPI

STORNOWAY 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 STORNOWAY sales from August 1999 and December 2007 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 August 1999 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the December 2007 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is STORNOWAY?

STORNOWAY is 190m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 30% of detached houses in Thompson, based on EPC data. The below chart shows the distribution of detached houses by size in Thompson, and where STORNOWAY lies on this distribution: 66% of detached houses are smaller than STORNOWAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Thompson.

STORNOWAY: Plot and Title Map

STORNOWAY sits on a plot of roughly 0.511 of an acre, or 2,069m². The below map shows the location of STORNOWAY, 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 STORNOWAY). 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 STORNOWAY?

STORNOWAY is located on MARLPIT ROAD in THOMPSON, in the IP24 postcode district. The below map shows the position of STORNOWAY on MARLPIT ROAD.