According to the public record, 50, St. Michaels Close, Thetford is a mid-century apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
St. Michaels Close, Thetford, IP24 is located in the borough of Breckland within the IP24 postal district.
50, St. Michaels Close, Thetford has no records in the Land Registry database and 2 entries in the EPC database, most recently in January 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 50 St. Michaels Close Thetford as £119,735 and the rental value as £594 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 50 St. Michaels Close Thetford has increased by £5,324 (4.4%) and its rental value has increased by £23 per month (3.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 50, St. Michaels Close, Thetford is in very good condition we estimate a sale value of £125,722 and rental value of £624 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £111,354 and a rental value of £552 per month.
If you were able to purchase this property for the estimated value of £119,735, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £588 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, St. Michaels Close, Thetford within a radius of 99m over the last 2 years.
The most recent example is 73, St. Michaels Close, Thetford, IP24 3EQ, a Leasehold flat which sold for £125,000 in Sep 2022.
Read more about house prices in IP24.
St. Michaels Close, Thetford, IP24 has a total of 102 addresses. According to our analysis of all the public data, 50, St. Michaels Close, Thetford is the 47th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in IP24.
50, St. Michaels Close, Thetford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jan 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 50, St. Michaels Close, Thetford is Thetford station which is 1.3 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 50, St. Michaels Close, Thetford, 39.0% of property is socially rented and 29.3% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 50, St. Michaels Close, Thetford, 13.7% of residents are recorded as possessing school level qualifications and 15.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 50, St. Michaels Close, Thetford, the average age was 38.1 and the most common age was 7.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 50, St. Michaels Close, Thetford, 0.8% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 50, St. Michaels Close, Thetford, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.