2, PADDOCK CLOSE, WATTON, THETFORD, IP25 6YD - £260,000

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 PADDOCK CLOSE is a midsized detached house of 97m², which could now be worth an estimated £308,032. It was last sold for £260,000 in August 2020, which was around 17% below the average August 2020 detached price in the Breckland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was B, and the potential energy rating was B.

2 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 2 PADDOCK 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 PADDOCK 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
2020 28 AUG	£260,000	£314,616	17% below HPI
2013 2 AUG	£185,000	£216,680	15% below HPI

2 PADDOCK 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 PADDOCK CLOSE sales from August 2013 and August 2020 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 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 PADDOCK CLOSE be worth now?

2 PADDOCK CLOSE might now be worth an estimated £308,032.

This is based on house price inflation of 18.5%, between August 2020 and March 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 18.5% inflationary increase is applied to the most recent sale price for 2 PADDOCK CLOSE of £260,000 on 28th August 2020. For the value to have increased from £260,000 to £308,032 over the five years and five months to March 2025, the following assumptions must hold true:

• The value of 2 PADDOCK CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PADDOCK CLOSE has not materially changed since August 2020.

How Large is 2 PADDOCK CLOSE?

2 PADDOCK CLOSE is 97m² according to the EPC inspection conducted in May 2013. This puts it in the largest 50% of detached houses houses in Watton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watton, and where 2 PADDOCK CLOSE lies on this distribution: 55% of detached houses houses are smaller than 2 PADDOCK CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Watton.

2 PADDOCK CLOSE: Plot and Title Map

2 PADDOCK CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 2 PADDOCK 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 PADDOCK 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 PADDOCK CLOSE?

2 PADDOCK CLOSE is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 2 on PADDOCK CLOSE.