1, POST OFFICE LANE, THURSTON, BURY ST EDMUNDS, IP31 3RW - £300,000

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 POST OFFICE LANE is a small extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £300,000 in August 2017, which was around 18% below the average August 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

1 POST OFFICE LANE Sold Prices

Land registry data shows four sales for 1 POST OFFICE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 1 POST OFFICE LANE 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
2017 23 AUG	£300,000	£364,938	18% below HPI
2008 6 JUN	£230,000	£264,100	13% below HPI
2006 20 OCT	£227,000	£258,340	12% below HPI
1998 14 AUG	£83,500	£99,991	16% below HPI

1 POST OFFICE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four 1 POST OFFICE LANE sales between August 1998 and August 2017 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 June 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 1 POST OFFICE LANE?

1 POST OFFICE LANE is 98m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% of detached houses in Thurston, based on EPC data. The below chart shows the distribution of detached houses by size in Thurston, and where 1 POST OFFICE LANE lies on this distribution: 31% of detached houses are smaller than 1 POST OFFICE LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Thurston.

1 POST OFFICE LANE: Plot and Title Map

1 POST OFFICE LANE sits on a plot of roughly 0.130 of an acre, or 524m². The below map shows the location of 1 POST OFFICE LANE, 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 POST OFFICE LANE). 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 POST OFFICE LANE?

1 POST OFFICE LANE is located in THURSTON, in the IP31 postcode district. The below map shows the position of No. 1 on POST OFFICE LANE.