40, WAVENEY ROAD, BUNGAY, NR35 1LH - £270,000

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 WAVENEY ROAD is a small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £270,000 in July 2022, which was around 38% below the average July 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

40 WAVENEY ROAD Sold Prices

Land registry data shows three sales for 40 WAVENEY ROAD 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 40 WAVENEY ROAD 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 11 JUL	£270,000	£433,680	38% below HPI
2020 17 SEP	£185,000	£366,905	50% below HPI
2013 6 MAR	£133,000	£252,749	47% below HPI

40 WAVENEY ROAD 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 40 WAVENEY ROAD sales between March 2013 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 September 2020 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the July 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 40 WAVENEY ROAD?

40 WAVENEY ROAD is 79m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 40 WAVENEY ROAD lies on this distribution: 27% of detached houses are smaller than 40 WAVENEY ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Bungay.

40 WAVENEY ROAD: Plot and Title Map

40 WAVENEY ROAD sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 40 WAVENEY ROAD, 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 WAVENEY ROAD). 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 WAVENEY ROAD?

40 WAVENEY ROAD is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 40 on WAVENEY ROAD.