1, POUND CLOSE, BARNINGHAM, BURY ST EDMUNDS, IP31 1DB - £260,000

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 POUND CLOSE is a midsized detached house of 114m², built sometime between 1976 and 1982. It was last sold for £260,000 in August 2016, which was around 26% below the average August 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was A.

1 POUND CLOSE Sold Prices

Land registry data shows two sales for 1 POUND CLOSE 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 POUND CLOSE 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
2016 9 AUG	£260,000	£352,843	26% below HPI
1997 29 AUG	£83,950	£90,533	7% below HPI

1 POUND CLOSE 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 POUND CLOSE sales from August 1997 and August 2016 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 1997 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 1 POUND CLOSE?

1 POUND CLOSE is 114m² according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Barningham, based on EPC data. The below chart shows the distribution of detached houses by size in Barningham, and where 1 POUND CLOSE lies on this distribution: 53% of detached houses are smaller than 1 POUND CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Barningham.

1 POUND CLOSE: Plot and Title Map

1 POUND CLOSE sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of 1 POUND CLOSE, 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 POUND CLOSE). 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 POUND CLOSE?

1 POUND CLOSE is located in BARNINGHAM, in the IP31 postcode district. The below map shows the position of No. 1 on POUND CLOSE.