Grove Lane - IP24 2BW
Key Postcode Insights
IP24 2BW is a residential postcode situated on Grove Lane, Thetford, IP24 with 1 addresses.
It ranks as the 16th largest and 246th most expensive of the 734 postcodes in the IP24 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 1 properties: 1 house.
- Ave. Sale Price
- £185,228
- 10 Year change
- up 21.9%
- Ave. Rental Price
- £1,012pcm
- 10 Year change
- up 44.3%
- Ave. £ per ft²
- £307/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Key Postcode Insights
IP24 2BW is a residential postcode situated on Grove Lane, Thetford, IP24 with 1 addresses.
It ranks as the 16th largest and 246th most expensive of the 734 postcodes in the IP24 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 1 properties: 1 house.
- Ave. Sale Price
- £185,228
- 10 Year change
- up 21.9%
- Ave. Rental Price
- £1,012pcm
- 10 Year change
- up 44.3%
- Ave. £ per ft²
- £307/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Sales Market Trends
The last sale in IP24 2BW sold for £134,000 on 22nd December 2014. Since then prices are up an average of 38.3%.
The current average value in the postcode is £185,228.
The IP24 2BW Sales Market has increased by 21.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.5% | £185,228 |
| June 2025 | 0.3% | £191,898 |
| June 2024 | -3.5% | £191,237 |
| June 2023 | 0% | £198,179 |
| June 2022 | 12.7% | £198,081 |
| June 2021 | 6.3% | £175,733 |
| June 2020 | 0.4% | £165,339 |
| June 2019 | 0.7% | £164,622 |
| June 2018 | 3.4% | £163,462 |
| June 2017 | 4% | £158,056 |
| June 2016 | 9.3% | £151,941 |
| June 2015 | 9.6% | £138,987 |
| June 2014 | 12.4% | £126,782 |
| June 2013 | 0.9% | £112,815 |
| June 2012 | 1.4% | £111,820 |
| June 2011 | -1.4% | £110,241 |
| June 2010 | 7.1% | £111,806 |
| June 2009 | -16.3% | £104,368 |
| June 2008 | -3.6% | £124,743 |
| June 2007 | 0% | £129,465 |
Rental Market Trends
The current average rental value in the postcode is £1,012.
The IP24 2BW Rental Market has increased by 44.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £1,012pcm |
| June 2025 | 5.2% | £980pcm |
| June 2024 | 2.9% | £931pcm |
| June 2023 | 3.5% | £905pcm |
| June 2022 | 8.4% | £874pcm |
| June 2021 | 6.4% | £807pcm |
| June 2020 | 0.4% | £758pcm |
| June 2019 | 0.1% | £755pcm |
| June 2018 | 3.9% | £754pcm |
| June 2017 | 3.6% | £726pcm |
| June 2016 | 2.9% | £701pcm |
| June 2015 | 5.6% | £681pcm |
| June 2014 | 8.4% | £645pcm |
| June 2013 | 3.4% | £595pcm |
| June 2012 | -1.1% | £575pcm |
| June 2011 | 7.2% | £582pcm |
| June 2010 | 2.3% | £543pcm |
| June 2009 | -10.5% | £531pcm |
| June 2008 | 0.5% | £593pcm |
| June 2007 | 0% | £590pcm |
Sales History
The last sale was on 22nd December 2014 for £134,000 and since then the market in the area has increased by 38.3%. The postcode has had a total of 3 sales since 1995.
IP24 2BW has seen no sales in the last three years and no sales in the last twelve months.
- Sold Dec 2014£134,000 | 2 Bed House1, Grove Lane, Thetford, IP24 2BW1, Grove Lane, Thetford, IP24 2BW
- Sold Feb 2008£130,000 | 2 Bed House1, Grove Lane, Thetford, IP24 2BW1, Grove Lane, Thetford, IP24 2BW
- Sold Aug 1997£39,000 | 2 Bed House1, Grove Lane, Thetford, IP24 2BW1, Grove Lane, Thetford, IP24 2BW
Nearby Postcodes
IP24 2BW is the 16th largest and the 246th most expensive postcode out of the 734 postcodes in the IP24 area.
- IP24 2DQ, Millington Court, Thetford, IP24IP24 2DQ12 Addresses|11 m away
- IP24 2BS, Sutherland Court, Thetford, IP24IP24 2BS9 Addresses|54 m away
- IP24 2BN, Magdalen Street, Thetford, IP24IP24 2BN37 Addresses|55 m away
- IP24 2HL, Rope Walk, Thetford, IP24IP24 2HL10 Addresses|78 m away
- IP24 2HW, Lime Grove, Thetford, IP24IP24 2HW10 Addresses|109 m away
Property Types
- 1 period house built between 1800 and 1911
- period house (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 1 property.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Apr 2018£400,000 | 3 Bed House2, Grove Lane, Thetford, IP24 2HY2, Grove Lane, Thetford, IP24 2HY
- Sold Mar 2023£255,000 | 3 Bed House27, Grove Lane, Thetford, IP24 2HY27, Grove Lane, Thetford, IP24 2HY
- Sold Feb 2026£212,500 | 3 Bed House13, Grove Lane, Thetford, IP24 2HY13, Grove Lane, Thetford, IP24 2HY
Schools Nearby
- Norwich Road Academy200 m away
- Drake Primary School800 m away
- Admirals Academy1.0 km away
- The Thetford Academy1.5 km away
- Breckland School10.6 km away
- Ixworth High School13.9 km away
More reading links
Public Transport Nearby
The closest station to IP24 2BW is Thetford station, which is 700 metres away.
- Thetford|700 m away
- Brandon|9.7 km away
- Harling Road|11.5 km away
- Lakenheath|15.3 km away
