THE OLD STORES, WATTON ROAD, GREAT HOCKHAM, THETFORD, IP24 1PB - £387,500

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.

THE OLD STORES is a very large extended detached house of 332m², built sometime before 1900, which could now be worth an estimated £555,885. It was last sold for £387,500 in February 2016, which was around 50% above the average February 2016 detached price in the Breckland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

THE OLD STORES Sold Prices

Land registry data shows three sales for THE OLD STORES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three THE OLD STORES 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
2016 10 FEB	£387,500	£258,222	50% above HPI
2011 14 MAR	£385,000	£203,781	89% above HPI
2004 10 MAY	£219,000	£187,324	17% above HPI

THE OLD STORES 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 three THE OLD STORES sales between May 2004 and February 2016 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 March 2011 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the February 2016 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might THE OLD STORES be worth now?

THE OLD STORES might now be worth an estimated £555,885.

This is based on house price inflation of 43.5%, between February 2016 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 43.5% inflationary increase is applied to the most recent sale price for THE OLD STORES of £387,500 on 10th February 2016. For the value to have increased from £387,500 to £555,885 over the nine years to February 2025, the following assumptions must hold true:

• The value of THE OLD STORES has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2016 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of THE OLD STORES has not materially changed since February 2016.

How Large is THE OLD STORES?

THE OLD STORES is 332m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 10% of detached houses houses in Great Hockham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Hockham, and where THE OLD STORES lies on this distribution: More than 99% of detached houses houses are smaller than THE OLD STORES, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Great Hockham.

THE OLD STORES: Plot and Title Map

THE OLD STORES sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of THE OLD STORES, 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 OLD STORES). 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 OLD STORES?

THE OLD STORES is located on WATTON ROAD in GREAT HOCKHAM, in the IP24 postcode district. The below map shows the position of THE OLD STORES on WATTON ROAD.