5, Armstrong Way
5, Armstrong Way
Description & Estimates
5, Armstrong Way, Thetford is recorded publicly as a modern freehold house across 936 ft2 of internal area, sitting on a 240 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Armstrong Way, Thetford is £267,977 and its rental estimate is £1,300 per month, given the available information and assuming reasonable condition.
Armstrong Way, Thetford, IP24 falls within the IP24 postal district, in the borough of Breckland.
Our Data Sources
5, Armstrong Way, Thetford has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5, Armstrong Way, Thetford, we estimate a market value of £281,376 and a rental value of £1,365 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £249,218 and £1,209 per month respectively.
Recent Market Change
Over the last year, 5, Armstrong Way, Thetford has seen its estimated sale value move down by £5,821 (2.2%) and its estimated rental value increase by £43 per month (3.3%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 5, Armstrong Way, Thetford as measuring 240 m2.
That makes it the 3rd largest plot in the postcode, where 5 of the 8 other houses have recorded plot data.
Energy Efficiency
5, Armstrong Way, Thetford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Armstrong Way, Thetford completed on 30th September 2021 at £270,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 20.7% over the period since September 2021.
- Sold Sep 2021£270,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Armstrong Way, Thetford have sold within a radius of 910 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th September 2024, was 23, Elswick Road, Thetford, IP24 2FS, a freehold house which sold for £290,000.
Read more about house prices in IP24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 8 addresses on Armstrong Way, Thetford, IP24, 5, Armstrong Way, Thetford comes out as the 8th largest and the 8th most expensive in our analysis of the public data.
It is also £37k more expensive than the average property across the IP24 district.
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Schools Nearby
- 800mAdmirals Academy
- 800mRaleigh Infant Academy
- 1.1kmDrake Primary School
- 800mThe Thetford Academy
- 11.3kmBreckland School
- 14.8kmIxworth High School
More reading links
Public Transport Nearby
From 5, Armstrong Way, Thetford, the nearest station is Thetford, 1.8 kilometres away.
- 1.8kmThetford
- 10.0kmHarling Road
- 10.2kmBrandon
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
