Area Guide For Thetford

Thetford is a hamlet and farm in the civil parish of Baston in the South Kesteven district of Lincolnshire, England. Now shrunken to a single farmhouse and associated outbuildings, this was once a manor of Spalding Priory with its own Chapel. There are records of ministers being installed in 1529 and 1539 The present house and barn are grade II listed buildings. Thetford lies north of the village of Baston and to the south of the River Glen. It is on the line of the Car Dyke, a ditch or catchwater drain dating to the time of the Roman occupation, which is regarded as the western boundary of The Fens. The A15 road, that crosses the Glen at Kate's Bridge, runs less than 1 mile (1.6 km) west of Thetford.


Thetford Map

Estimated Price: £194,552
Average Asking Price: £256,089
Price change in last one year: £18,494
Average Price Paid: £162,599
Average Rent Rates: £1,199


Property Prices Breakdown in Thetford

Average Price for property in Thetford is around £194,552 which varies based on type of property you are interested in and ranges from £249,401 for detached house to around £168,737 for semi-detached. Similarly terraced house is around £134,181 and a flat is worth £105,771. Values have been changing and have risen £3,705 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,825 in last 6 months, £18,494 in last 1 year, £33,306 in last 2 years, £32,728 in last 3 years, £33,552 in last 4 years and £37,987 in last 5 years.

Currently average asking price of a property in Thetford is around £256,089 based on approximately 804 properties for sale. Same is the case with rental options based on 81 properties up for rent, average asking rent is around £1,199 per month.

Estimated property value in Thetford is £194,552. Average asking price is £256,089 while average price paid is £176,490 which is up by £18,494 and Avg. asking rent £1,199.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Thetford area. In last 1 year alone average price buyer paid is around £176,490 based on approximately 804 sales in Thetford area alone. If you compare it to last 3 years sales of 2,278 properties where buyers paid around £164,757. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £162,599 for 3,585 and average amount paid for purchase of approx. 4,737 properties sold in last 7 years comes to about £161,084 per sale.


Properties For Sale in Thetford


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £134,750, £150,313 for a 2 bedroom house, £199,700 for a 3 bedroom house, £269,333 for a 4 bedroom house and £334,490 for a 5 bedroom house. For a flat similarly the prices varies from £82,494 for a single bedroom to £107,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £112,498. To sum up the asking prices for properties in Thetford it comes to around average £91,995 for 1 bedroom property, £148,709 for 2 bedroom, £198,513 for 3 bedroom, £269,333 for 4 bedroom and £334,490 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £511 for 1 bedroom to £664 for 2 bedrooms, £834 for 3 bedrooms, £1,218 for 4 bedrooms and £1,699 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £490. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £607. You should be generally be expecting around average £497 rent per month for single bedroom property, £654 for 2 bedroom, £834 for 3 bedroom, £1,218 for 4 bedroom and approximately £1,698 for a 5 bedroom property in Thetford area.

Popular Houses in Thetford

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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