27, OLD GRAMMAR LANE, BUNGAY, NR35 1PU - £327,500

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

27 OLD GRAMMAR LANE is a very large detached house of 138m², built sometime between 1983 and 1990. It was last sold for £327,500 in August 2021, which was around 13% below the average August 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

27 OLD GRAMMAR LANE Sold Prices

Land registry data shows two sales for 27 OLD GRAMMAR LANE 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. Both of the two 27 OLD GRAMMAR 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
2021 23 AUG	£327,500	£378,011	13% below HPI
2012 14 DEC	£237,500	£246,975	4% below HPI

27 OLD GRAMMAR 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 two 27 OLD GRAMMAR LANE sales from December 2012 and August 2021 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 December 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 27 OLD GRAMMAR LANE?

27 OLD GRAMMAR LANE is 138m² according to the EPC inspection conducted in October 2012. This puts it in the largest 20% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 27 OLD GRAMMAR LANE lies on this distribution: 85% of detached houses are smaller than 27 OLD GRAMMAR LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Bungay.

27 OLD GRAMMAR LANE: Plot and Title Map

27 OLD GRAMMAR LANE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 27 OLD GRAMMAR 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 27 OLD GRAMMAR 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 27 OLD GRAMMAR LANE?

27 OLD GRAMMAR LANE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 27 on OLD GRAMMAR LANE.