2, PROSPECT ROAD, NORTON, BURY ST EDMUNDS, IP31 3NH - £310,000

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.

2 PROSPECT ROAD is a small extended semi-detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £329,271. It was last sold for £310,000 in July 2023, which was around 16% above the average July 2023 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

2 PROSPECT ROAD Sold Prices

Land registry data shows five sales for 2 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the five 2 PROSPECT ROAD sales were for 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
2023 14 JUL	£310,000	£267,882	16% above HPI
2006 24 MAR	£170,000	£156,174	9% above HPI
2005 19 MAY	£172,500	£151,642	14% above HPI
2000 29 SEP	£87,950	£80,196	10% above HPI
1998 23 OCT	£68,500	£62,071	10% above HPI

2 PROSPECT ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The five 2 PROSPECT ROAD sales between October 1998 and July 2023 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 March 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2023 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 PROSPECT ROAD be worth now?

2 PROSPECT ROAD might now be worth an estimated £329,271.

This is based on house price inflation of 6.2%, between July 2023 and February 2025, for semi-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 6.2% inflationary increase is applied to the most recent sale price for 2 PROSPECT ROAD of £310,000 on 14th July 2023. For the value to have increased from £310,000 to £329,271 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 2 PROSPECT ROAD has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The July 2023 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PROSPECT ROAD has not materially changed since July 2023.

How Large is 2 PROSPECT ROAD?

2 PROSPECT ROAD is 104m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of semi-detached houses houses in Norton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Norton, and where 2 PROSPECT ROAD lies on this distribution: 31% of semi-detached houses houses are smaller than 2 PROSPECT ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Norton.

2 PROSPECT ROAD: Plot and Title Map

2 PROSPECT ROAD sits on a plot of roughly 0.151 of an acre, or 613m². The below map shows the location of 2 PROSPECT ROAD, 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 2 PROSPECT ROAD). 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 2 PROSPECT ROAD?

2 PROSPECT ROAD is located in NORTON, in the IP31 postcode district. The below map shows the position of No. 2 on PROSPECT ROAD.