3, FAIRMILE CLOSE, WORLINGHAM, BECCLES, NR34 7RN - £460,000

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

3 FAIRMILE CLOSE is a very large extended detached house of 125m², built sometime between 1976 and 1982, which could now be worth an estimated £437,877. It was last sold for £460,000 in July 2022, which was around 6% above the average July 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was C.

3 FAIRMILE CLOSE Sold Prices

Land registry data shows six sales for 3 FAIRMILE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Most of the six 3 FAIRMILE CLOSE 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
2022 25 JUL	£460,000	£433,747	6% above HPI
2020 20 MAR	£320,000	£347,521	8% below HPI
2017 16 JAN	£234,000	£326,273	28% below HPI
2016 10 JUN	£200,000	£306,226	35% below HPI
2000 12 MAY	£105,000	£109,265	4% below HPI
1998 11 SEP	£87,750	£91,440	4% below HPI

3 FAIRMILE CLOSE 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 six 3 FAIRMILE CLOSE sales between September 1998 and July 2022 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 March 2020 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 3 FAIRMILE CLOSE be worth now?

3 FAIRMILE CLOSE might now be worth an estimated £437,877.

This is based on house price deflation of 4.8%, between July 2022 and December 2024, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% deflationary decrease is applied to the most recent sale price for 3 FAIRMILE CLOSE of £460,000 on 25th July 2022. For the value to have decreased from £460,000 to £437,877 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 3 FAIRMILE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2022 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRMILE CLOSE has not materially changed since July 2022.

How Large is 3 FAIRMILE CLOSE?

3 FAIRMILE CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 20% of detached houses houses in Worlingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worlingham, and where 3 FAIRMILE CLOSE lies on this distribution: 80% of detached houses houses are smaller than 3 FAIRMILE CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Worlingham.

3 FAIRMILE CLOSE: Plot and Title Map

3 FAIRMILE CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 3 FAIRMILE CLOSE, 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 FAIRMILE CLOSE). 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 FAIRMILE CLOSE?

3 FAIRMILE CLOSE is located in WORLINGHAM, in the NR34 postcode district. The below map shows the position of No. 3 on FAIRMILE CLOSE.