1, ELIZABETH DRIVE, CHEDBURGH, BURY ST EDMUNDS, IP29 4XA - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 ELIZABETH DRIVE is a small detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £348,408. It was last sold for £295,000 in February 2019, which was around 23% below the average February 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

1 ELIZABETH DRIVE Sold Prices

Land registry data shows two sales for 1 ELIZABETH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 1 ELIZABETH DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 22 FEB	£295,000	£381,457	23% below HPI
1999 9 JUL	£85,000	£110,123	23% below HPI

1 ELIZABETH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 1 ELIZABETH DRIVE sales from July 1999 and February 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1999 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2019 sale, which was also at 23% below the HPI.

What might 1 ELIZABETH DRIVE be worth now?

1 ELIZABETH DRIVE might now be worth an estimated £348,408.

This is based on house price inflation of 18.1%, between February 2019 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.1% inflationary increase is applied to the most recent sale price for 1 ELIZABETH DRIVE of £295,000 on 22nd February 2019. For the value to have increased from £295,000 to £348,408 over the six years to February 2025, the following assumptions must hold true:

• The value of 1 ELIZABETH DRIVE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The February 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ELIZABETH DRIVE has not materially changed since February 2019.

How Large is 1 ELIZABETH DRIVE?

1 ELIZABETH DRIVE is 98m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses houses in Chedburgh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chedburgh, and where 1 ELIZABETH DRIVE lies on this distribution: 30% of detached houses houses are smaller than 1 ELIZABETH DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Chedburgh.

1 ELIZABETH DRIVE: Plot and Title Map

1 ELIZABETH DRIVE sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of 1 ELIZABETH DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ELIZABETH DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ELIZABETH DRIVE?

1 ELIZABETH DRIVE is located in CHEDBURGH, in the IP29 postcode district. The below map shows the position of No. 1 on ELIZABETH DRIVE.