40, RAVEN CLOSE, MILDENHALL, BURY ST EDMUNDS, IP28 7LF - £405,000

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

40 RAVEN CLOSE is a large extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £405,000 in November 2023, which was around 10% below the average November 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was B.

40 RAVEN CLOSE Sold Prices

Land registry data shows three sales for 40 RAVEN CLOSE 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 40 RAVEN 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
2023 3 NOV	£405,000	£450,679	10% below HPI
2020 16 NOV	£325,000	£401,632	19% below HPI
1998 4 DEC	£85,000	£102,916	17% below HPI

40 RAVEN CLOSE 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 40 RAVEN CLOSE sales between December 1998 and November 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 November 2020 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 40 RAVEN CLOSE?

40 RAVEN CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 40 RAVEN CLOSE lies on this distribution: 60% of detached houses are smaller than 40 RAVEN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

40 RAVEN CLOSE: Plot and Title Map

40 RAVEN CLOSE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 40 RAVEN 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 40 RAVEN 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 40 RAVEN CLOSE?

40 RAVEN CLOSE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 40 on RAVEN CLOSE.