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House Prices in IP25 House Prices in IP25 (Thetford)

The average house price in IP25 (Thetford) is £245,000 using HM Land Registry data.

The average property price increased by £62,179 (28.98%) over the last 5 years and increased by £12,458 (4.29%) over the last 12 months.

Over the last year, there were 214 residential property sales – a decrease of 123 transactions (-57.48%) relative to the previous year. The majority of house sales (59) were in the £214,000 - £268,000 range. Then came properties in the £160,000 - £214,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,785 (-2%).

In Oct 24, there were 59 new estate agency instructions, 44 agreed home sales and 62 property price reductions.

Nearby Postcodes: IP22, IP24, IP26, IP27, IP28, IP31, NR10, NR14, NR16, NR17, NR18, NR19, NR20, NR21, NR4, NR5, NR8, NR9, PE30, PE31, PE32, PE33, PE37, PE38

5-Year Average Property Prices in IP25 (Thetford)

28.98%

Property prices in Thetford increased by 28.98% 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 IP25 (Thetford) Over the Last Year

4.29%

Property prices in Thetford increased by 4.29% 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 IP25 (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 IP25 (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 IP25 (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 IP25 (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 IP25 (Thetford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP25 postcode area since 1995.

Recent Sales in IP25 (Thetford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
48 Charles Avenue, Watton, Thetford, Norfolk, IP25 6BZ£415,000£415,000£0031 Mar 202416 Aug 2024138 Days
Old Timbers, Thompson Road, Griston, Thetford, Norfolk, IP25 6PT£585,000£568,000-£17,00003 May 202412 Aug 2024101 Days
18 Jubilee Road, Watton, Thetford, Norfolk, IP25 6BJ£220,000£217,500-£2,50008 Apr 202408 Aug 2024122 Days
11a, Mill Street, Bradenham, Thetford, Norfolk, IP25 7QN£325,000£325,000£0024 Aug 202329 Jul 2024340 Days
50 Griston Road, Watton, Thetford, Norfolk, IP25 6DL£225,000£205,000-£20,00007 Mar 202426 Jul 2024141 Days
76 Griston Road, Watton, Thetford, Norfolk, IP25 6DL£325,000£310,000-£15,00027 Sep 202319 Jul 2024296 Days
18 Langmere Road, Watton, Thetford, Norfolk, IP25 6LG£270,000£270,000£0014 Feb 202419 Jul 2024156 Days
43 Acacia Avenue, Ashill, Thetford, Norfolk, IP25 7AR£230,000£225,000-£5,00002 Apr 202402 Jul 202491 Days
24 Wellington Road, Watton, Thetford, Norfolk, IP25 6GX£155,000£155,000£0029 Feb 202426 Jun 2024118 Days
14 Donald Moore Gardens, Watton, Thetford, Norfolk, IP25 6DZ£140,000£137,000-£3,00021 Feb 202420 Jun 2024120 Days
20 The Limes, Ashill, Thetford, Norfolk, IP25 7DD£350,000£347,500-£2,50020 Feb 202417 Jun 2024118 Days
36 Henrys Court, Watton, Thetford, Norfolk, IP25 6UL£219,950£215,000-£4,95026 Feb 202414 Jun 2024109 Days
65 Akrotiri Square, Watton, Thetford, Norfolk, IP25 6HZ£180,000£180,000£0015 Mar 202414 Jun 202491 Days
16 Monkhams Drive, Watton, Thetford, Norfolk, IP25 6PE£270,000£270,000£0006 Feb 202407 Jun 2024122 Days
21 Woodlands, Ashill, Thetford, Norfolk, IP25 7AL£300,000£300,000£0030 Jan 202407 Jun 2024129 Days
47 Acacia Avenue, Ashill, Thetford, Norfolk, IP25 7AR£300,000£285,000-£15,00011 Oct 202307 Jun 2024240 Days
Holly Cottage, Chalk Hill, Great Cressingham, Thetford, Norfolk, IP25 6NP£140,000£140,000£0003 Apr 202404 Jun 202462 Days
35 Park Highatt Drive, Shipdham, Thetford, Norfolk, IP25 7LG£325,000£325,000£0024 Feb 202424 May 202490 Days
1 Newall Avenue, Watton, Thetford, Norfolk, IP25 6JD£165,000£165,000£0026 Jan 202424 May 2024119 Days
14 Regal Court, Watton, Thetford, Norfolk, IP25 6UT£190,000£190,000£0026 Dec 202310 May 2024136 Days

Most Expensive Streets in IP25 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP25 7EXRichmond Road, Saham ToneyThetford£689,5005
IP25 7PSLettonThetford£678,7504
IP25 6SBDereham Road, OvingtonThetford£606,6663
IP25 6LZThe Arms, Little CressinghamThetford£568,3333
IP25 7QUSchool Road, BradenhamThetford£551,4005
IP25 6USChurch View Close, GristonThetford£543,0005
IP25 6DSSt Marys Close, WattonThetford£537,5004
IP25 6TEBroadmoor Road, CarbrookeThetford£536,6663
IP25 6YRMeadow Lane, CarbrookeThetford£534,8005
IP25 7HQSpringfield Villas, Saham ToneyThetford£524,3336

Least Expensive Streets in IP25 (Thetford)

PostcodeStreetAreaAverageNo. of Sales
IP25 6HHManor Park, WattonThetford£107,8754
IP25 6XTGoddards Court, WattonThetford£116,2504
IP25 6URBowes Close, WattonThetford£130,0005
IP25 6TYLovell Gardens, WattonThetford£130,5537
IP25 6GWLancaster Avenue, WattonThetford£132,81513
IP25 6JWHendon Avenue, WattonThetford£143,2254
IP25 6DZDonald Moore Gardens, WattonThetford£143,6258
IP25 6FAGregor Shanks Way, WattonThetford£143,70812
IP25 6JRCardington Road, WattonThetford£144,6663
IP25 6BSThetford Road, WattonThetford£147,47510

Explore IP25 (Thetford) using map

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