1, NEW ROAD, CHEVINGTON, BURY ST EDMUNDS, IP29 5QL - £250,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 NEW ROAD is a very small detached house of 76m², built sometime between 1950 and 1966. It was last sold for £250,000 in May 2014, which was around 12% below the average May 2014 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was E.

1 NEW ROAD Sold Prices

Land registry data shows two sales for 1 NEW ROAD 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 NEW ROAD 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
2014 1 MAY	£250,000	£285,285	12% below HPI
2008 22 AUG	£250,000	£263,603	5% below HPI

1 NEW ROAD 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 NEW ROAD sales from August 2008 and May 2014 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 August 2008 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1 NEW ROAD?

1 NEW ROAD is 76m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% of detached houses in Chevington, based on EPC data. The below chart shows the distribution of detached houses by size in Chevington, and where 1 NEW ROAD lies on this distribution: 7% of detached houses are smaller than 1 NEW ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Chevington.

1 NEW ROAD: Plot and Title Map

1 NEW ROAD sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 1 NEW ROAD, 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 NEW ROAD). 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 NEW ROAD?

1 NEW ROAD is located in CHEVINGTON, in the IP29 postcode district. The below map shows the position of No. 1 on NEW ROAD.