4, WOODLAND DRIVE, BUNGAY, NR35 1PE - £550,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 WOODLAND DRIVE is a very large extended detached house of 154m², built sometime between 1950 and 1966, which could now be worth an estimated £611,365. It was last sold for £550,000 in June 2021, which was around 45% above the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

4 WOODLAND DRIVE Sold Prices

Land registry data shows three sales for 4 WOODLAND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 4 WOODLAND DRIVE sales were for above 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 24 JUN	£550,000	£380,583	45% above HPI
2015 13 AUG	£425,000	£298,615	42% above HPI
2006 4 JAN	£300,000	£222,398	35% above HPI

4 WOODLAND DRIVE 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 three 4 WOODLAND DRIVE sales between January 2006 and June 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 August 2015 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the June 2021 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 4 WOODLAND DRIVE be worth now?

4 WOODLAND DRIVE might now be worth an estimated £611,365.

This is based on house price inflation of 11.2%, between June 2021 and February 2025, 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 11.2% inflationary increase is applied to the most recent sale price for 4 WOODLAND DRIVE of £550,000 on 24th June 2021. For the value to have increased from £550,000 to £611,365 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 4 WOODLAND DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WOODLAND DRIVE has not materially changed since June 2021.

How Large is 4 WOODLAND DRIVE?

4 WOODLAND DRIVE is 154m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 10% of detached houses houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bungay, and where 4 WOODLAND DRIVE lies on this distribution: 91% of detached houses houses are smaller than 4 WOODLAND DRIVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Bungay.

4 WOODLAND DRIVE: Plot and Title Map

4 WOODLAND DRIVE sits on a plot of roughly 0.367 of an acre, or 1,485m². The below map shows the location of 4 WOODLAND DRIVE, 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 4 WOODLAND DRIVE). 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 4 WOODLAND DRIVE?

4 WOODLAND DRIVE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 4 on WOODLAND DRIVE.