18, BLACKSMITHS WAY, ELMSWELL, BURY ST EDMUNDS, IP30 9GH - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 BLACKSMITHS WAY is a very small detached house of 55m², built sometime from 2007 onwards, which could now be worth an estimated £439,678. It was last sold for £365,000 in January 2019, which was around 4% below the average January 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

18 BLACKSMITHS WAY Sold Prices

Land registry data shows three sales for 18 BLACKSMITHS WAY since 1^st 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. The three 18 BLACKSMITHS WAY sales were a mix of below the average price, roughly equal to the average price, and above 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 4 JAN	£365,000	£378,406	4% below HPI
2016 12 AUG	£345,000	£343,846	Close to HPI
2007 16 OCT	£319,995	£278,916	15% above HPI

18 BLACKSMITHS WAY 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 three 18 BLACKSMITHS WAY sales between October 2007 and January 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 August 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2019 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 18 BLACKSMITHS WAY be worth now?

18 BLACKSMITHS WAY might now be worth an estimated £439,678.

This is based on house price inflation of 20.5%, between January 2019 and February 2025, 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 20.5% inflationary increase is applied to the most recent sale price for 18 BLACKSMITHS WAY of £365,000 on 4th January 2019. For the value to have increased from £365,000 to £439,678 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 18 BLACKSMITHS WAY has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The January 2019 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 18 BLACKSMITHS WAY has not materially changed since January 2019.

How Large is 18 BLACKSMITHS WAY?

18 BLACKSMITHS WAY is 55m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elmswell, and where 18 BLACKSMITHS WAY lies on this distribution: 1% of detached houses houses are smaller than 18 BLACKSMITHS WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

18 BLACKSMITHS WAY: Plot and Title Map

18 BLACKSMITHS WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 18 BLACKSMITHS WAY, 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 18 BLACKSMITHS WAY). 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 18 BLACKSMITHS WAY?

18 BLACKSMITHS WAY is located in ELMSWELL, in the IP30 postcode district. The below map shows the position of No. 18 on BLACKSMITHS WAY.