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Thetford House Prices Thetford House Prices

The average house price in Thetford is £207,590 using HM Land Registry data.

The average property price increased by £64,687 (33.61%) over the last 5 years and increased by £12,928 (5.29%) over the last 12 months.

Over the last year, there were 260 residential property sales – a decrease of 94 transactions (-36.15%) relative to the previous year. The majority of house sales (74) were in the £182,000 - £224,000 range. Then came properties in the £140,000 - £182,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,159 (-1%).

In April 2024, there were 56 new estate agency instructions, 24 agreed home sales and 25 property price reductions.

Postcodes Covered: IP24

5-Year Average Property Prices in Thetford

33.61%

Property prices in Thetford increased by 33.61% 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

5.29%

Property prices in Thetford increased by 5.29% 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 Thetford - April 2024

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 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
13 Melford Common, Thetford, Norfolk, IP24 2HJ£160,000£160,000£0019 Sep 202325 Mar 2024188 Days
3 Pennycress Drive, Thetford, Norfolk, IP24 2TU£250,000£248,500-£1,50012 Oct 202313 Mar 2024153 Days
61 Glebe Close, Thetford, Norfolk, IP24 2LN£230,000£228,000-£2,00003 Oct 202321 Feb 2024141 Days
30 Highlands, Thetford, Norfolk, IP24 1JE£290,000£278,000-£12,00023 Oct 202315 Feb 2024115 Days
28 Mackenzie Road, Thetford, Norfolk, IP24 3NH£325,000£310,000-£15,00005 Jun 202326 Jan 2024235 Days
36 Rosecroft Way, Thetford, Norfolk, IP24 2XR£290,000£287,500-£2,50003 Apr 202305 Jan 2024277 Days
29 Rosecroft Way, Thetford, Norfolk, IP24 2YE£140,000£135,000-£5,00024 Jul 202304 Jan 2024164 Days
8 Anne Boleyn Close, Thetford, Norfolk, IP24 1TD£200,000£192,000-£8,00015 Aug 202304 Jan 2024142 Days
38 Williamson Crescent, Thetford, Norfolk, IP24 3BE£220,000£218,000-£2,00020 Jun 202315 Dec 2023178 Days
59 Castle Street, Thetford, Norfolk, IP24 2DN£160,000£160,000£0008 Jun 202314 Dec 2023189 Days
59 Kimms Belt, Thetford, Norfolk, IP24 3JQ£190,000£180,000-£10,00031 Aug 202311 Dec 2023102 Days
61 Hawthorn Walk, Thetford, Norfolk, IP24 2TD£250,000£245,000-£5,00031 Aug 202304 Dec 202395 Days
20 Redgate, Thetford, Norfolk, IP24 2HA£315,000£300,000-£15,00026 Apr 202330 Nov 2023218 Days
10 Plover Close, Thetford, Norfolk, IP24 2YP£375,000£370,000-£5,00023 Sep 202327 Nov 202365 Days
54 Anne Bartholomew Road, Thetford, Norfolk, IP24 1TH£210,000£210,000£0015 Jun 202327 Nov 2023165 Days
4 Lord Cecil Court, Thetford, Norfolk, IP24 2DR£170,000£167,000-£3,00014 Sep 202324 Nov 202371 Days
5 Harebell Close, Thetford, Norfolk, IP24 2UR£425,000£360,000-£65,00002 Aug 202224 Nov 2023479 Days
7 Juniper Close, Thetford, Norfolk, IP24 2YG£180,000£175,000-£5,00002 Sep 202324 Nov 202383 Days
55 Bracken Road, Thetford, Norfolk, IP24 3DZ£220,000£210,000-£10,00008 Feb 202224 Nov 2023654 Days
21 Campion Road, Thetford, Norfolk, IP24 2XT£240,000£235,000-£5,00029 Jul 202314 Nov 2023108 Days

Most Expensive Streets in Thetford

PostcodeStreetAreaAverageNo. of Sales
IP24 2ERCastle LaneThetford£620,6663
IP24 2EPFord StreetThetford£518,8754
IP24 2DZArlington WayThetford£495,25010
IP24 3NGSanton CloseThetford£445,0003
IP24 2FQCedar RoadThetford£412,5004
IP24 3NFRedcastle RoadThetford£405,0003
IP24 3HXGoshawk WayThetford£399,6663
IP24 3NDBrandon RoadThetford£385,9166
IP24 2URHarebell CloseThetford£362,5003
IP24 2YSWoodlark CloseThetford£357,2504

Least Expensive Streets in Thetford

PostcodeStreetAreaAverageNo. of Sales
IP24 3QZSaxon BankThetford£77,5003
IP24 1QJBen Culey DriveThetford£106,0004
IP24 3BFHanbury CourtThetford£118,22218
IP24 1FBAvenue GardensThetford£132,2086
IP24 3BTChase CourtThetford£133,1005
IP24 3JSUlfkell RoadThetford£137,3333
IP24 3HJElm RoadThetford£138,3333
IP24 3DEBury RoadThetford£138,3754
IP24 2ABEarls StreetThetford£140,3333
IP24 3LAPine CloseThetford£141,3333

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