WESTCOT, MILL ROAD, SHIPDHAM, THETFORD, IP25 7LU - £407,500

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.

WESTCOT is a very large extended semi-detached house of 153m², built sometime before 1900, which could now be worth an estimated £414,304. It was last sold for £407,500 in February 2023, which was around 69% above the average February 2023 semi-detached price in the Breckland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

WESTCOT Sold Prices

Land registry data shows seven sales for WESTCOT since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. Most of the seven WESTCOT 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
2023 10 FEB	£407,500	£241,645	69% above HPI
2019 13 FEB	£380,000	£193,918	96% above HPI
2016 23 JUN	£295,000	£174,602	69% above HPI
2012 4 MAY	£220,000	£131,120	68% above HPI
2011 4 JUL	£225,000	£132,235	70% above HPI
2007 20 JUL	£249,099	£153,526	62% above HPI
1997 13 AUG	£29,000	£45,437	36% below HPI

WESTCOT 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 seven WESTCOT sales between August 1997 and February 2023 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 February 2019 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the February 2023 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

What might WESTCOT be worth now?

WESTCOT might now be worth an estimated £414,304.

This is based on house price inflation of 1.7%, between February 2023 and April 2026, for semi-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 1.7% inflationary increase is applied to the most recent sale price for WESTCOT of £407,500 on 10th February 2023. For the value to have increased from £407,500 to £414,304 over the two years and ten months to April 2026, the following assumptions must hold true:

• The value of WESTCOT has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The February 2023 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of WESTCOT has not materially changed since February 2023.

How Large is WESTCOT?

WESTCOT is 153m², which includes three extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 10% of semi-detached houses in Shipdham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Shipdham, and where WESTCOT lies on this distribution: 96% of semi-detached houses are smaller than WESTCOT, and 4% of semi-detached houses are larger. Note that EPC data is not available for all properties in Shipdham.

Where is WESTCOT?

WESTCOT is located on MILL ROAD in SHIPDHAM, in the IP25 postcode district.