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House Prices in IP24 House Prices in IP24 (Thetford)

The average house price in IP24 (Thetford) is £251,113 using HM Land Registry data.

The average property price increased by £44,106 (20.62%) over the last 5 years and increased by £8,835 (3.23%) over the last 12 months.

Over the last year, there were 255 residential property sales – a decrease of 116 transactions (-45.49%) relative to the previous year. The majority of house sales (59) were in the £186,000 - £232,000 range. Then came properties in the £140,000 - £186,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 161 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,059 (-2%).

In January 2025, there were 40 new estate agency instructions, 43 agreed home sales and 28 property price reductions.

Nearby Postcodes: CB7, CB8, IP14, IP21, IP22, IP23, IP25, IP26, IP27, IP28, IP29, IP30, IP31, IP32, IP33, NR14, NR15, NR16, NR17, NR18, NR19, NR9, PE32, PE33, PE37, PE38

5-Year Average Property Prices in IP24 (Thetford)

20.62%

Property prices in IP24 (Thetford) increased by 20.62% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in IP24 (Thetford) Over the Last Year

3.23%

Property prices in IP24 (Thetford) increased by 3.23% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for IP24 (Thetford) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in IP24 (Thetford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in IP24 (Thetford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in IP24 (Thetford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the IP24 (Thetford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP24 postcode area since 1995.

Recent Sales in IP24 (Thetford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
43 Florence Barclay Close, Thetford, Norfolk, IP24 1TB£190,000£185,000-£5,00001 Jul 202412 Dec 2024164 Days
27 Thyme Close, Thetford, Norfolk, IP24 2YA£170,000£170,000£008 Oct 202411 Dec 202464 Days
Alma House, The Street, Great Hockham, Thetford, Norfolk, IP24 1NH£550,000£550,000£006 Apr 202410 Dec 2024248 Days
21 Mother Julian Close, Thetford, Norfolk, IP24 1TY£180,000£180,000£016 Sep 202405 Dec 202480 Days
42 Charlock Road, Thetford, Norfolk, IP24 2TR£285,000£280,000-£5,00015 Jun 202429 Nov 2024167 Days
10 Coltsfoot Way, Thetford, Norfolk, IP24 2WX£250,000£242,000-£8,00019 Jul 202422 Nov 2024126 Days
106 Woodlands Drive, Thetford, Norfolk, IP24 1JJ£180,000£177,500-£2,50002 Jul 202422 Nov 2024143 Days
28 Woodlands Drive, Thetford, Norfolk, IP24 1JU£265,000£255,000-£10,00029 Apr 202422 Nov 2024207 Days
31 Fir Road, Thetford, Norfolk, IP24 3JZ£170,000£165,000-£5,00019 Jul 202419 Nov 2024123 Days
5 St Martins Way, Thetford, Norfolk, IP24 3PX£140,000£135,000-£5,00012 Aug 202414 Nov 202494 Days
9 Melville Road, Croxton, Thetford, Norfolk, IP24 1NG£550,000£530,000-£20,00003 Jul 202413 Nov 2024133 Days
31 Scotgate Close, Great Hockham, Thetford, Norfolk, IP24 1PF£220,000£215,000-£5,00028 Feb 202408 Nov 2024254 Days
83 Highlands, Thetford, Norfolk, IP24 1JG£260,000£250,000-£10,00029 Jun 202407 Nov 2024131 Days
46 Churchill Road, Thetford, Norfolk, IP24 2JZ£400,000£380,000-£20,00002 Jul 202401 Nov 2024122 Days
33 Sturdee Close, Thetford, Norfolk, IP24 2LF£260,000£255,000-£5,00011 Jul 202401 Nov 2024113 Days
3 Allisons Close, Thetford, Norfolk, IP24 1FF£102,500£102,500£006 Oct 202331 Oct 2024391 Days
5 Cunningham Close, Thetford, Norfolk, IP24 2TQ£220,000£218,000-£2,00004 Apr 202430 Oct 2024209 Days
48 Station Road, Thetford, Norfolk, IP24 1AH£220,000£215,000-£5,00001 May 202425 Oct 2024177 Days
22 Salmond Drive, Barnham, Thetford, Suffolk, IP24 2NL£260,000£260,000£023 May 202425 Oct 2024155 Days
1 Brandon Road, Thetford, Norfolk, IP24 3PP£399,950£399,950£028 May 202423 Oct 2024148 Days

Most Expensive Streets in IP24 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP24 1RLChurch Road, WrethamThetford£643,3333
IP24 2ERCastle LaneThetford£620,6663
IP24 2DZArlington WayThetford£523,60010
IP24 2EPFord StreetThetford£518,8754
IP24 2NFThe Street, BarnhamThetford£518,7504
IP24 2NJEuston Road, BarnhamThetford£515,0004
IP24 1LNThe Street, CroxtonThetford£493,5004
IP24 1NHThe Street, Great HockhamThetford£481,5006
IP24 1FSBreakwell Close, Great HockhamThetford£466,2504
IP24 2FQCedar RoadThetford£450,0009

Least Expensive Streets in IP24 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP24 3QZSaxon BankThetford£77,5003
IP24 1QJBen Culey DriveThetford£107,3005
IP24 3BFHanbury CourtThetford£115,88217
IP24 2DLCastle StreetThetford£135,0006
IP24 3BTChase CourtThetford£135,1254
IP24 3DEBury RoadThetford£136,8333
IP24 3JSUlfkell RoadThetford£137,3333
IP24 3HJElm RoadThetford£138,3333
IP24 2ABEarls StreetThetford£139,8005
IP24 3PZSt Martins WayThetford£141,6663

Explore IP24 (Thetford) using map

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