22, ORCHIDS CLOSE, BUNGAY, NR35 1LL - £325,000

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

22 ORCHIDS CLOSE is a midsized extended detached house of 97m², built sometime between 1983 and 1990. It was last sold for £325,000 in February 2022, which was around 20% below the average February 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

22 ORCHIDS CLOSE Sold Prices

Land registry data shows three sales for 22 ORCHIDS CLOSE 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 22 ORCHIDS CLOSE 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
2022 28 FEB	£325,000	£407,268	20% below HPI
2001 31 MAY	£96,500	£129,339	25% below HPI
1998 27 AUG	£75,000	£88,631	15% below HPI

22 ORCHIDS CLOSE 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 22 ORCHIDS CLOSE sales between August 1998 and February 2022 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 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 22 ORCHIDS CLOSE?

22 ORCHIDS CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 22 ORCHIDS CLOSE lies on this distribution: 49% of detached houses are smaller than 22 ORCHIDS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Bungay.

22 ORCHIDS CLOSE: Plot and Title Map

22 ORCHIDS CLOSE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 22 ORCHIDS CLOSE, 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 22 ORCHIDS CLOSE). 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 22 ORCHIDS CLOSE?

22 ORCHIDS CLOSE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 22 on ORCHIDS CLOSE.