5 Grove Lane

    5, GROVE LANE, THETFORD, IP24 2HY

    This terraced freehold property on Grove Lane last sold in March 2023 for £160,000. Based on price growth in the IP24 district since then, its estimated current value is £147,465 — placing it in the 12th percentile nationally and the 13th percentile within IP24. The property covers 54 m² (581 sq ft), giving an estimated value of £2,731 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £160,000

    Mar 2023

    Estimated Valuation

    £147,465

    Est. £/sq ft

    £254/sq ft

    £2,731/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialB
    Floor area581 sq ft (54 m²)
    EPC dateJan 2023
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    31 Mar 2023

    £160,000

    30 May 2003

    £79,000

    Key Metrics

    Estimated valuation£147,465
    Value per sq ft / m²£254/sq ft (£2,731/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    IP24 district percentile13th percentile
    National percentile12th 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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