28, COVEY WAY, LAKENHEATH, BRANDON, IP27 9HJ - £255,000

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

28 COVEY WAY is a midsized detached house of 87m², built sometime between 1967 and 1975. It was last sold for £255,000 in April 2023, which was around 44% below the average April 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

28 COVEY WAY Sold Prices

Land registry data shows three sales for 28 COVEY 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 West Suffolk local authority area for the corresponding sale date. All of the three 28 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
2023 19 APR	£255,000	£454,761	44% below HPI
2014 25 APR	£151,000	£282,166	46% below HPI
2007 19 DEC	£130,000	£270,428	52% below HPI

28 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 three 28 COVEY WAY sales between December 2007 and April 2023 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 April 2014 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the April 2023 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 28 COVEY WAY?

28 COVEY WAY is 87m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 50% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 28 COVEY WAY lies on this distribution: 48% of detached houses are smaller than 28 COVEY WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

28 COVEY WAY: Plot and Title Map

28 COVEY WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 28 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 28 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 28 COVEY WAY?

28 COVEY WAY is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 28 on COVEY WAY.