1 Sovereign Way

    1, SOVEREIGN WAY, THETFORD, IP24 2GG

    This detached freehold property on Sovereign Way last sold in December 2022 for £295,000. Based on price growth in the IP24 district since then, its estimated current value is £251,955 — placing it in the 38th percentile nationally and the 60th percentile within IP24. The property covers 95 m² (1,023 sq ft), giving an estimated value of £2,652 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,023 sq ft

    95 m²

    Last Sale Price

    £295,000

    Dec 2022

    Estimated Valuation

    £251,955

    Est. £/sq ft

    £246/sq ft

    £2,652/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2021
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,023 sq ft (95 m²)
    EPC dateDec 2022
    WallsAverage thermal transmittance 0.24 W/m
    HeatingBoiler and radiators, mains gas

    Transaction History

    21 Dec 2022

    New build

    £295,000

    Key Metrics

    Estimated valuation£251,955
    Value per sq ft / m²£246/sq ft (£2,652/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    IP24 district percentile60th percentile
    National percentile38th percentile

    District Context — IP24

    IP24 covers rural areas in central Norfolk, positioned between Norwich and the Fenlands. It is a quiet, agricultural region with a traditional character and strong community identity.

    Average Property Price - IP24

    £247,644

    27

    National percentile

    Average Net Household Income - IP24

    £38,004

    49

    National percentile

    10-Year Annualised Price Growth - IP24

    3.6%

    51

    National percentile

    10-Year Annualised Rent Growth - IP

    4.3%

    76

    National percentile

    View full analysis for IP24

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