THE BEECHES, UNION DRIFT, DEREHAM, NR20 3AZ - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE BEECHES is a very large extended detached house of 153m², built sometime between 1930 and 1949, which could now be worth an estimated £361,819. It was last sold for £235,000 in November 2014, which was around 2% below the average November 2014 detached price in the Breckland local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was C.

THE BEECHES Sold Prices

Land registry data shows two sales for THE BEECHES 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 THE BEECHES sales was for below the average price, whilst the other was 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
2014 18 NOV	£235,000	£240,593	2% below HPI
2000 16 OCT	£137,500	£105,730	30% above HPI

THE BEECHES 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 THE BEECHES sales from October 2000 and November 2014 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 October 2000 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might THE BEECHES be worth now?

THE BEECHES might now be worth an estimated £361,819.

This is based on house price inflation of 54%, between November 2014 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 54% inflationary increase is applied to the most recent sale price for THE BEECHES of £235,000 on 18th November 2014. For the value to have increased from £235,000 to £361,819 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of THE BEECHES has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of THE BEECHES has not materially changed since November 2014.

How Large is THE BEECHES?

THE BEECHES is 153m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 20% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where THE BEECHES lies on this distribution: 85% of detached houses houses are smaller than THE BEECHES, and 15% of houses are larger. Note that EPC data is not available for all properties in Dereham.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.214 of an acre, or 866m². The below map shows the location of THE BEECHES, 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 THE BEECHES). 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 THE BEECHES?

THE BEECHES is located on UNION DRIFT in DEREHAM, in the NR20 postcode district. The below map shows the position of THE BEECHES on UNION DRIFT.