2, THE WATERMILL, STAITHE ROAD, BUNGAY, NR35 1EU - £190,000

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 THE WATERMILL is a small detached house of 88m², built sometime between 1900 and 1929. It was last sold for £190,000 in June 2003, which was around 2% above the average June 2003 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 THE WATERMILL Sold Prices

Land registry data shows two sales for 2 THE WATERMILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two 2 THE WATERMILL sales was for above the average price, whilst the other was 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
2003 30 JUN	£190,000	£185,377	2% above HPI
1997 16 MAY	£64,500	£79,477	19% below HPI

2 THE WATERMILL 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 two 2 THE WATERMILL sales from May 1997 and June 2003 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 May 1997 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2003 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 THE WATERMILL?

2 THE WATERMILL is 88m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% 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 THE WATERMILL lies on this distribution: 38% of detached houses are smaller than 2 THE WATERMILL, and 61% of houses are larger. Note that EPC data is not available for all properties in Bungay.

2 THE WATERMILL: Plot and Title Map

2 THE WATERMILL sits on a plot of roughly 0.012 of an acre, or 50m². The below map shows the location of 2 THE WATERMILL, 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 THE WATERMILL). 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 THE WATERMILL?

2 THE WATERMILL is located on STAITHE ROAD in BUNGAY, in the NR35 postcode district. The below map shows the position of 2 THE WATERMILL on STAITHE ROAD.