27, BLACKSMITHS WAY, ELMSWELL, BURY ST EDMUNDS, IP30 9GH - £310,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

27 BLACKSMITHS WAY is a small detached house of 95m², built sometime from 2007 onwards, which could now be worth an estimated £373,715. It was last sold for £310,000 in August 2020, which was around 18% below the average August 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

27 BLACKSMITHS WAY Sold Prices

Land registry data shows three sales for 27 BLACKSMITHS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 27 BLACKSMITHS 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
2020 10 AUG	£310,000	£378,113	18% below HPI
2014 29 JUL	£235,000	£296,085	21% below HPI
2007 30 NOV	£214,995	£285,737	25% below HPI

27 BLACKSMITHS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 27 BLACKSMITHS WAY sales between November 2007 and August 2020 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 July 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 27 BLACKSMITHS WAY be worth now?

27 BLACKSMITHS WAY might now be worth an estimated £373,715.

This is based on house price inflation of 20.6%, between August 2020 and February 2025, for 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 20.6% inflationary increase is applied to the most recent sale price for 27 BLACKSMITHS WAY of £310,000 on 10th August 2020. For the value to have increased from £310,000 to £373,715 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 27 BLACKSMITHS WAY has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 27 BLACKSMITHS WAY has not materially changed since August 2020.

How Large is 27 BLACKSMITHS WAY?

27 BLACKSMITHS WAY is 95m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elmswell, and where 27 BLACKSMITHS WAY lies on this distribution: 20% of detached houses houses are smaller than 27 BLACKSMITHS WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

27 BLACKSMITHS WAY: Plot and Title Map

27 BLACKSMITHS WAY sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 27 BLACKSMITHS 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 27 BLACKSMITHS 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 27 BLACKSMITHS WAY?

27 BLACKSMITHS WAY is located in ELMSWELL, in the IP30 postcode district. The below map shows the position of No. 27 on BLACKSMITHS WAY.