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
13 THE FAIRSTEAD is a very small detached house of 84m², built sometime between 1996 and 2002. It was last sold for £325,000 in May 2021, which was around 15% below the average May 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 13 THE FAIRSTEAD since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 13 THE FAIRSTEAD 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 |
---|---|---|---|
2021 19 MAY | £325,000 | £380,697 | 15% below HPI |
2016 29 FEB | £230,000 | £327,595 | 30% below HPI |
1996 23 AUG | £73,500 | £77,976 | 6% below HPI |
The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 13 THE FAIRSTEAD sales between August 1996 and May 2021 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 February 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.
13 THE FAIRSTEAD is 84m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in Botesdale, based on EPC data. The below chart shows the distribution of detached houses by size in Botesdale, and where 13 THE FAIRSTEAD lies on this distribution: 20% of detached houses are smaller than 13 THE FAIRSTEAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Botesdale.
13 THE FAIRSTEAD sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 13 THE FAIRSTEAD, 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 13 THE FAIRSTEAD). 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.
13 THE FAIRSTEAD is located in BOTESDALE, in the IP22 postcode district. The below map shows the position of No. 13 on THE FAIRSTEAD.