THE PINES, CHURCH ROAD, GRISTON, THETFORD, IP25 6QA - £327,500

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 PINES is a small detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £374,160. It was last sold for £327,500 in February 2021, which was around 1% above the average February 2021 detached price in the Breckland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was F, and the potential energy rating was B.

THE PINES Sold Prices

Land registry data shows three sales for THE PINES 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. One of the three THE PINES sales was for above the average price, whilst two 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
2021 25 FEB	£327,500	£324,235	1% above HPI
2014 19 DEC	£235,000	£242,097	3% below HPI
1998 6 MAR	£67,000	£75,178	11% below HPI

THE PINES 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 PINES sales between March 1998 and February 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 December 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might THE PINES be worth now?

THE PINES might now be worth an estimated £374,160.

This is based on house price inflation of 14.2%, between February 2021 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 14.2% inflationary increase is applied to the most recent sale price for THE PINES of £327,500 on 25th February 2021. For the value to have increased from £327,500 to £374,160 over the four years to February 2025, the following assumptions must hold true:

• The value of THE PINES has moved in line with the HPI for detached houses in the Breckland local authority area.
• The February 2021 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of THE PINES has not materially changed since February 2021.

How Large is THE PINES?

THE PINES is 99m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 30% of detached houses houses in Griston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Griston, and where THE PINES lies on this distribution: 21% of detached houses houses are smaller than THE PINES, and 78% of houses are larger. Note that EPC data is not available for all properties in Griston.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.315 of an acre, or 1,276m². The below map shows the location of THE PINES, 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 PINES). 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 PINES?

THE PINES is located on CHURCH ROAD in GRISTON, in the IP25 postcode district. The below map shows the position of THE PINES on CHURCH ROAD.