2, QUAVES LANE, BUNGAY, NR35 1DF - £170,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 QUAVES LANE is a very small extended semi-detached house of 48m², built sometime between 1950 and 1966. It was last sold for £170,000 in July 2023, which was around 59% below the average July 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

2 QUAVES LANE Sold Prices

Land registry data shows five sales for 2 QUAVES LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five 2 QUAVES LANE 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
2023 20 JUL	£170,000	£415,468	59% below HPI
2015 3 AUG	£127,000	£298,568	57% below HPI
2010 19 JUL	£122,500	£254,374	52% below HPI
2009 10 JUL	£102,000	£226,587	55% below HPI
1999 7 DEC	£50,000	£102,225	51% below HPI

2 QUAVES LANE 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 five 2 QUAVES LANE sales between December 1999 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 August 2015 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the July 2023 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

How Large is 2 QUAVES LANE?

2 QUAVES LANE is 48m², which includes one extension, according to the EPC inspection conducted in April 2023. 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 2 QUAVES LANE lies on this distribution: 1% of detached houses are smaller than 2 QUAVES LANE, and 100% of houses are larger. Note that EPC data is not available for all properties in Bungay.

2 QUAVES LANE: Plot and Title Map

2 QUAVES LANE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 2 QUAVES LANE, 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 QUAVES LANE). 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 QUAVES LANE?

2 QUAVES LANE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 2 on QUAVES LANE.