2, GRAND CLOSE, SCARNING, DEREHAM, NR19 2SZ - £214,000

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.

2 GRAND CLOSE is a large extended detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £334,576. It was last sold for £214,000 in November 2014, which was around 11% below the average November 2014 detached price in the Breckland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 GRAND CLOSE Sold Prices

Land registry data shows two sales for 2 GRAND CLOSE 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 2 GRAND CLOSE 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
2014 4 NOV	£214,000	£240,593	11% below HPI
2006 5 MAY	£180,000	£209,730	14% below HPI

2 GRAND CLOSE 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 2 GRAND CLOSE sales from May 2006 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 May 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2014 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 GRAND CLOSE be worth now?

2 GRAND CLOSE might now be worth an estimated £334,576.

This is based on house price inflation of 56.3%, between November 2014 and April 2026, 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 56.3% inflationary increase is applied to the most recent sale price for 2 GRAND CLOSE of £214,000 on 4th November 2014. For the value to have increased from £214,000 to £334,576 over the twelve years and seven months to April 2026, the following assumptions must hold true:

• The value of 2 GRAND CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2014 sale price of £214,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRAND CLOSE has not materially changed since November 2014.

How Large is 2 GRAND CLOSE?

2 GRAND CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 40% 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 2 GRAND CLOSE lies on this distribution: 60% of detached houses houses are smaller than 2 GRAND CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Dereham.

2 GRAND CLOSE: Plot and Title Map

2 GRAND CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 2 GRAND CLOSE, 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 2 GRAND CLOSE). 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 2 GRAND CLOSE?

2 GRAND CLOSE is located in SCARNING, in the NR19 postcode district. The below map shows the position of No. 2 on GRAND CLOSE.