16, THE GROVE, BUNGAY, NR35 1JH - £130,000

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

16 THE GROVE is a very small extended detached house of 59m², built sometime between 1950 and 1966. It was last sold for £130,000 in February 2019, which was around 63% below the average February 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

16 THE GROVE Sold Prices

Land registry data shows three sales for 16 THE GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 16 THE GROVE 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
2019 22 FEB	£130,000	£351,849	63% below HPI
2015 30 APR	£133,000	£286,842	54% below HPI
2003 9 JUN	£84,500	£185,377	54% below HPI

16 THE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 16 THE GROVE sales between June 2003 and February 2019 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 April 2015 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2019 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

How Large is 16 THE GROVE?

16 THE GROVE is 59m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 16 THE GROVE lies on this distribution: 5% of detached houses are smaller than 16 THE GROVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bungay.

16 THE GROVE: Plot and Title Map

16 THE GROVE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 16 THE GROVE, 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 THE GROVE). 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 THE GROVE?

16 THE GROVE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 16 on THE GROVE.