3, COVEY WAY, LAKENHEATH, BRANDON, IP27 9HJ - £154,000

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

3 COVEY WAY is a small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £154,000 in June 2013, which was around 43% below the average June 2013 detached price in the West Suffolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was B.

3 COVEY WAY Sold Prices

Land registry data shows two sales for 3 COVEY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 3 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
2013 14 JUN	£154,000	£270,789	43% below HPI
2011 2 DEC	£90,000	£255,587	65% below HPI

3 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 two 3 COVEY WAY sales from December 2011 and June 2013 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 2011 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the June 2013 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 3 COVEY WAY?

3 COVEY WAY is 76m², which includes one extension, according to the EPC inspection conducted in March 2013. 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 3 COVEY WAY lies on this distribution: 31% of detached houses are smaller than 3 COVEY WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

3 COVEY WAY: Plot and Title Map

3 COVEY WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 3 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 3 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 3 COVEY WAY?

3 COVEY WAY is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 3 on COVEY WAY.