THE PADDOCKS, SHROPHAM ROAD, GREAT HOCKHAM, THETFORD, IP24 1NJ - £275,000

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.

THE PADDOCKS is a very small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £364,023. It was last sold for £275,000 in February 2017, which was around 2% below the average February 2017 detached price in the Breckland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

THE PADDOCKS Sold Prices

Land registry data shows two sales for THE PADDOCKS 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 THE PADDOCKS sales were for below 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
2017 14 FEB	£275,000	£279,840	2% below HPI
2011 22 AUG	£194,950	£206,245	5% below HPI

THE PADDOCKS 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 PADDOCKS sales from August 2011 and February 2017 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 2011 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2017 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might THE PADDOCKS be worth now?

THE PADDOCKS might now be worth an estimated £364,023.

This is based on house price inflation of 32.4%, between February 2017 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 32.4% inflationary increase is applied to the most recent sale price for THE PADDOCKS of £275,000 on 14th February 2017. For the value to have increased from £275,000 to £364,023 over the eight years to February 2025, the following assumptions must hold true:

• The value of THE PADDOCKS has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2017 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of THE PADDOCKS has not materially changed since February 2017.

How Large is THE PADDOCKS?

THE PADDOCKS is 84m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% 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 PADDOCKS lies on this distribution: 16% of detached houses houses are smaller than THE PADDOCKS, and 84% of houses are larger. Note that EPC data is not available for all properties in Great Hockham.

THE PADDOCKS: Plot and Title Map

THE PADDOCKS sits on a plot of roughly 0.337 of an acre, or 1,365m². The below map shows the location of THE PADDOCKS, 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 PADDOCKS). 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 PADDOCKS?

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