THE THATCHES, CROSSING ROAD, PALGRAVE, DISS, IP22 1AW - £420,000

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 THATCHES is a very small extended detached house of 95m², built sometime before 1900, which could now be worth an estimated £743,482. It was last sold for £420,000 in May 2011, which was around 63% above the average May 2011 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was D.

THE THATCHES Sold Prices

Land registry data shows two sales for THE THATCHES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two THE THATCHES 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
2011 18 MAY	£420,000	£257,501	63% above HPI
2007 12 SEP	£385,000	£278,451	38% above HPI

THE THATCHES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two THE THATCHES sales from September 2007 and May 2011 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 September 2007 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2011 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might THE THATCHES be worth now?

THE THATCHES might now be worth an estimated £743,482.

This is based on house price inflation of 77%, between May 2011 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77% inflationary increase is applied to the most recent sale price for THE THATCHES of £420,000 on 18th May 2011. For the value to have increased from £420,000 to £743,482 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of THE THATCHES has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2011 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of THE THATCHES has not materially changed since May 2011.

How Large is THE THATCHES?

THE THATCHES is 95m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses houses in Palgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Palgrave, and where THE THATCHES lies on this distribution: 16% of detached houses houses are smaller than THE THATCHES, and 84% of houses are larger. Note that EPC data is not available for all properties in Palgrave.

THE THATCHES: Plot and Title Map

THE THATCHES sits on a plot of roughly 0.270 of an acre, or 1,091m². The below map shows the location of THE THATCHES, 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 THATCHES). 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 THATCHES?

THE THATCHES is located on CROSSING ROAD in PALGRAVE, in the IP22 postcode district. The below map shows the position of THE THATCHES on CROSSING ROAD.