16, LAUREL CLOSE, THURSTON, BURY ST EDMUNDS, IP31 3NZ - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 LAUREL CLOSE is a small detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £393,028. It was last sold for £230,000 in July 2013, which was around 11% below the average July 2013 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

16 LAUREL CLOSE Sold Prices

Land registry data shows two sales for 16 LAUREL 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 Mid Suffolk local authority area for the corresponding sale date. Both of the two 16 LAUREL 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
2013 5 JUL	£230,000	£258,173	11% below HPI
1995 18 AUG	£67,000	£80,763	17% below HPI

16 LAUREL CLOSE 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 two 16 LAUREL CLOSE sales from August 1995 and July 2013 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 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2013 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 16 LAUREL CLOSE be worth now?

16 LAUREL CLOSE might now be worth an estimated £393,028.

This is based on house price inflation of 70.9%, between July 2013 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 70.9% inflationary increase is applied to the most recent sale price for 16 LAUREL CLOSE of £230,000 on 5th July 2013. For the value to have increased from £230,000 to £393,028 over the ten years and seven months to December 2024, the following assumptions must hold true:

• The value of 16 LAUREL CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2013 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LAUREL CLOSE has not materially changed since July 2013.

How Large is 16 LAUREL CLOSE?

16 LAUREL CLOSE is 87m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses houses in Thurston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thurston, and where 16 LAUREL CLOSE lies on this distribution: 23% of detached houses houses are smaller than 16 LAUREL CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Thurston.

16 LAUREL CLOSE: Plot and Title Map

16 LAUREL CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 16 LAUREL 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 16 LAUREL 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 16 LAUREL CLOSE?

16 LAUREL CLOSE is located in THURSTON, in the IP31 postcode district. The below map shows the position of No. 16 on LAUREL CLOSE.