5, BISHOPS WAY, STRADBROKE, EYE, IP21 5JR - £367,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 BISHOPS WAY is a midsized detached house of 119m², built sometime between 1996 and 2002. It was last sold for £367,000 in May 2022, which was around 14% below the average May 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

5 BISHOPS WAY Sold Prices

Land registry data shows two sales for 5 BISHOPS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 5 BISHOPS WAY 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 30 MAY	£367,000	£425,768	14% below HPI
2008 18 SEP	£180,000	£268,983	33% below HPI

5 BISHOPS WAY 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 two 5 BISHOPS WAY sales from September 2008 and May 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 2008 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 BISHOPS WAY?

5 BISHOPS WAY is 119m² according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses by size in Stradbroke, and where 5 BISHOPS WAY lies on this distribution: 53% of detached houses are smaller than 5 BISHOPS WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Stradbroke.

5 BISHOPS WAY: Plot and Title Map

5 BISHOPS WAY sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 5 BISHOPS WAY, 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 5 BISHOPS WAY). 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 5 BISHOPS WAY?

5 BISHOPS WAY is located in STRADBROKE, in the IP21 postcode district. The below map shows the position of No. 5 on BISHOPS WAY.