5, THE HOME CLOSE, DEREHAM, NR19 1FE - £412,000

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.

5 THE HOME CLOSE is a very large detached house of 172m², built sometime between 2003 and 2006, which could now be worth an estimated £508,196. It was last sold for £412,000 in July 2018, which was around 38% above the average July 2018 detached price in the Breckland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

5 THE HOME CLOSE Sold Prices

Land registry data shows two sales for 5 THE HOME 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 5 THE HOME CLOSE 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
2018 13 JUL	£412,000	£297,787	38% above HPI
2006 3 AUG	£289,500	£213,981	35% above HPI

5 THE HOME 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 5 THE HOME CLOSE sales from August 2006 and July 2018 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 2006 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the July 2018 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 5 THE HOME CLOSE be worth now?

5 THE HOME CLOSE might now be worth an estimated £508,196.

This is based on house price inflation of 23.3%, between July 2018 and March 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 23.3% inflationary increase is applied to the most recent sale price for 5 THE HOME CLOSE of £412,000 on 13th July 2018. For the value to have increased from £412,000 to £508,196 over the eight years and four months to March 2026, the following assumptions must hold true:

• The value of 5 THE HOME CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The July 2018 sale price of £412,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE HOME CLOSE has not materially changed since July 2018.

How Large is 5 THE HOME CLOSE?

5 THE HOME CLOSE is 172m² according to the EPC inspection conducted in March 2018. This puts it in the largest 10% 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 5 THE HOME CLOSE lies on this distribution: 92% of detached houses houses are smaller than 5 THE HOME CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Dereham.

5 THE HOME CLOSE: Plot and Title Map

5 THE HOME CLOSE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 5 THE HOME 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 5 THE HOME 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 5 THE HOME CLOSE?

5 THE HOME CLOSE is located in DEREHAM, in the NR19 postcode district. The below map shows the position of No. 5 on THE HOME CLOSE.