3, MITRE CLOSE, WOOLPIT, BURY ST EDMUNDS, IP30 9SJ - £194,000

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 MITRE CLOSE is a very small detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £278,259. It was last sold for £194,000 in September 2015, which was around 39% below the average September 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

3 MITRE CLOSE Sold Prices

Land registry data shows five sales for 3 MITRE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the five 3 MITRE 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
2015 11 SEP	£194,000	£317,799	39% below HPI
2002 15 MAR	£105,000	£168,005	38% below HPI
1999 19 MAR	£59,000	£109,145	46% below HPI
1997 4 NOV	£60,000	£92,208	35% below HPI
1996 29 FEB	£60,000	£79,402	24% below HPI

3 MITRE CLOSE 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 five 3 MITRE CLOSE sales between February 1996 and September 2015 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 2002 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2015 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 3 MITRE CLOSE be worth now?

3 MITRE CLOSE might now be worth an estimated £278,259.

This is based on house price inflation of 43.4%, between September 2015 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 43.4% inflationary increase is applied to the most recent sale price for 3 MITRE CLOSE of £194,000 on 11th September 2015. For the value to have increased from £194,000 to £278,259 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MITRE CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The September 2015 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MITRE CLOSE has not materially changed since September 2015.

How Large is 3 MITRE CLOSE?

3 MITRE CLOSE is 87m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Woolpit, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woolpit, and where 3 MITRE CLOSE lies on this distribution: 17% of detached houses houses are smaller than 3 MITRE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Woolpit.

3 MITRE CLOSE: Plot and Title Map

3 MITRE CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 3 MITRE 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 MITRE 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 MITRE CLOSE?

3 MITRE CLOSE is located in WOOLPIT, in the IP30 postcode district. The below map shows the position of No. 3 on MITRE CLOSE.