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Thetford House Prices Thetford House Prices

The average house price in Thetford is £265,031 using HM Land Registry data.

The average property price increased by £52,423 (25.48%) over the last 5 years and increased by £10,504 (4.24%) over the last 12 months.

Over the last year, there were 234 residential property sales – a decrease of 117 transactions (-50.00%) relative to the previous year. The majority of house sales (50) were in the £214,000 - £256,000 range. Then came properties in the £172,000 - £214,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,959 (-2%).

In Dec 24, there were 48 new estate agency instructions, 14 agreed home sales and 16 property price reductions.

Postcodes Covered: IP24

5-Year Average Property Prices in Thetford

25.48%

Property prices in Thetford increased by 25.48% 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 Thetford Over the Last Year

4.24%

Property prices in Thetford increased by 4.24% 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 Thetford - Dec 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 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 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 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 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 Thetford since 1995

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

Recent Property Sales in Thetford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Coltsfoot Way, Thetford, Norfolk, IP24 2WX£250,000£242,000-£8,00019 Jul 202422 Nov 2024126 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£0006 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
1 Brandon Road, Thetford, Norfolk, IP24 3PP£399,950£399,950£0028 May 202423 Oct 2024148 Days
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

Most Expensive Streets in Thetford

PostcodeStreetAreaAverageNo. of Sales
IP24 2ERCastle LaneThetford£620,6663
IP24 2DZArlington WayThetford£528,8889
IP24 2EPFord StreetThetford£518,8754
IP24 3NGSanton CloseThetford£445,0003
IP24 2FQCedar RoadThetford£412,5006
IP24 3NFRedcastle RoadThetford£405,0003
IP24 3HXGoshawk WayThetford£399,6663
IP24 3NDBrandon RoadThetford£385,9166
IP24 3GAStuart DriveThetford£376,6663
IP24 2TNBenbow RoadThetford£368,3333

Least Expensive Streets in 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 1UEMasefield WalkThetford£142,3754

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