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House Prices in IP24 House Prices in IP24 (Thetford)

The average house price in IP24 (Thetford) is £234,343 using HM Land Registry data.

The average property price increased by £58,773 (20.62%) over the last 5 years and increased by £11,776 (3.23%) over the last 12 months.

Over the last year, there were 246 residential property sales – a decrease of 128 transactions (-52.03%) relative to the previous year. The majority of house sales (57) were in the £178,000 - £226,000 range. Then came properties in the £226,000 - £274,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,159 (-1%).

In Oct 24, there were 45 new estate agency instructions, 49 agreed home sales and 34 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 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 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) - Oct 24

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
9 Manse Court, Thetford, Norfolk, IP24 2LE£250,000£240,000-£10,00026 Dec 202314 Aug 2024232 Days
2 Bracken Road, Thetford, Norfolk, IP24 3EA£210,000£205,000-£5,00026 Jan 202408 Aug 2024195 Days
14 Park View, Thetford, Norfolk, IP24 2HF£350,000£340,000-£10,00008 Mar 202407 Aug 2024152 Days
30 Anna Sewell Close, Thetford, Norfolk, IP24 1TN£195,000£190,000-£5,00026 Feb 202405 Aug 2024161 Days
377 St Johns Way, Thetford, Norfolk, IP24 3PB£240,000£235,000-£5,00029 Jan 202401 Aug 2024185 Days
17 Caraway Road, Thetford, Norfolk, IP24 2XL£200,000£190,000-£10,00003 May 202419 Jul 202477 Days
24 Saxon Place, Thetford, Norfolk, IP24 3BQ£210,000£207,000-£3,00006 Apr 202415 Jul 2024100 Days
68 Redgate, Thetford, Norfolk, IP24 2HB£300,000£295,000-£5,00023 Mar 202412 Jul 2024111 Days
26 Nunsgate, Thetford, Norfolk, IP24 3EL£335,000£335,000£0010 Apr 202412 Jul 202493 Days
12 Celia Phillips Close, Thetford, Norfolk, IP24 1TU£210,000£210,000£0023 Feb 202405 Jul 2024133 Days
7 Dryden Close, Thetford, Norfolk, IP24 1UJ£220,000£218,000-£2,00026 Dec 202305 Jul 2024192 Days
5 Sycamore Covert, Thetford, Norfolk, IP24 2UJ£130,000£130,000£0029 Jan 202402 Jul 2024155 Days
19 Florence Barclay Close, Thetford, Norfolk, IP24 1TB£180,000£175,000-£5,00015 Jan 202428 Jun 2024165 Days
15 Raleigh Way, Thetford, Norfolk, IP24 2JS£290,000£285,000-£5,00015 Jan 202426 Jun 2024163 Days
Shandon, Vicarage Road, Thetford, Norfolk, IP24 2LH£425,000£420,000-£5,00016 Oct 202325 Jun 2024253 Days
22 Jasmine Close, Thetford, Norfolk, IP24 2XH£260,000£245,000-£15,00026 Jan 202420 Jun 2024146 Days
29 Hanbury Court, Thetford, Norfolk, IP24 3BF£100,000£100,000£0004 Oct 202310 Jun 2024250 Days
4 Fulmerston Road, Thetford, Norfolk, IP24 3BG£230,000£225,000-£5,00010 Nov 202307 Jun 2024210 Days
3 Sloane Way, Thetford, Norfolk, IP24 3JE£170,000£170,000£0026 Dec 202306 Jun 2024163 Days
22 Glebe Close, Thetford, Norfolk, IP24 2LJ£190,000£190,000£0004 Apr 202431 May 202457 Days

Most Expensive Streets in IP24 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP24 1RLChurch Road, WrethamThetford£643,3333
IP24 1NYWretham Road, Great HockhamThetford£638,3333
IP24 2ERCastle LaneThetford£620,6663
IP24 2DZArlington WayThetford£522,00010
IP24 2EPFord StreetThetford£518,8754
IP24 2NFThe Street, BarnhamThetford£518,7504
IP24 2NAWater Lane, BarnhamThetford£517,3333
IP24 2NJEuston Road, BarnhamThetford£515,0004
IP24 1LNThe Street, CroxtonThetford£493,5004
IP24 1NHThe Street, Great HockhamThetford£487,2504

Least Expensive Streets in IP24 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP24 3QZSaxon BankThetford£77,5003
IP24 1QJBen Culey DriveThetford£106,0004
IP24 3BFHanbury CourtThetford£116,47017
IP24 3BTChase CourtThetford£133,1005
IP24 2DLCastle StreetThetford£135,0006
IP24 1FBAvenue GardensThetford£135,6505
IP24 3DEBury RoadThetford£136,8333
IP24 3JSUlfkell RoadThetford£137,3333
IP24 3HJElm RoadThetford£138,3333
IP24 2ABEarls StreetThetford£139,8005

Explore IP24 (Thetford) using map

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