MUIRFIELD, CHERRY DRIFT, DEREHAM, NR20 3AT - £370,000

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.

MUIRFIELD is a very large detached house of 160m², built sometime between 1983 and 1990, which could now be worth an estimated £431,898. It was last sold for £370,000 in June 2021, which was around 15% above the average June 2021 detached price in the Breckland local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

MUIRFIELD Sold Prices

Land registry data shows five sales for MUIRFIELD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Most of the five MUIRFIELD 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
2021 1 JUN	£370,000	£323,138	15% above HPI
2018 13 APR	£275,000	£301,340	9% below HPI
2008 4 JUL	£240,000	£220,040	9% above HPI
2002 29 NOV	£190,000	£158,076	20% above HPI
1999 8 NOV	£250,000	£94,295	165% above HPI

MUIRFIELD 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 five MUIRFIELD sales between November 1999 and June 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 April 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might MUIRFIELD be worth now?

MUIRFIELD might now be worth an estimated £431,898.

This is based on house price inflation of 16.7%, between June 2021 and May 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 16.7% inflationary increase is applied to the most recent sale price for MUIRFIELD of £370,000 on 1st June 2021. For the value to have increased from £370,000 to £431,898 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of MUIRFIELD has moved in line with the HPI for detached houses in the Breckland local authority area.
• The June 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of MUIRFIELD has not materially changed since June 2021.

How Large is MUIRFIELD?

MUIRFIELD is 160m² according to the EPC inspection conducted in January 2022. This puts it in the largest 20% 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 MUIRFIELD lies on this distribution: 87% of detached houses houses are smaller than MUIRFIELD, and 13% of houses are larger. Note that EPC data is not available for all properties in Dereham.

MUIRFIELD: Plot and Title Map

MUIRFIELD sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of MUIRFIELD, 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 MUIRFIELD). 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 MUIRFIELD?

MUIRFIELD is located on CHERRY DRIFT in DEREHAM, in the NR20 postcode district. The below map shows the position of MUIRFIELD on CHERRY DRIFT.