23, COVEY WAY, LAKENHEATH, BRANDON, IP27 9HJ - £180,000

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

23 COVEY WAY is a small detached house of 77m², built sometime between 1976 and 1982. It was last sold for £180,000 in May 2008, which was around 33% below the average May 2008 detached price in the West Suffolk local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was B.

23 COVEY WAY Sold Prices

Land registry data shows four sales for 23 COVEY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four 23 COVEY WAY 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
2008 2 MAY	£180,000	£268,965	33% below HPI
2006 24 NOV	£177,000	£260,833	32% below HPI
2001 30 MAR	£79,950	£131,176	39% below HPI
1999 27 MAY	£65,000	£109,106	40% below HPI

23 COVEY WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The four 23 COVEY WAY sales between May 1999 and May 2008 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 November 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2008 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 23 COVEY WAY?

23 COVEY WAY is 77m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 23 COVEY WAY lies on this distribution: 33% of detached houses are smaller than 23 COVEY WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

23 COVEY WAY: Plot and Title Map

23 COVEY WAY sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 23 COVEY 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 23 COVEY 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 23 COVEY WAY?

23 COVEY WAY is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 23 on COVEY WAY.