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

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

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 16% 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	£435,798	16% below HPI
2008 18 SEP	£180,000	£275,320	35% 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 5 BISHOPS WAY be worth now?

5 BISHOPS WAY might now be worth an estimated £371,525.

This is based on house price inflation of 1.2%, between May 2022 and December 2024, 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 1.2% inflationary increase is applied to the most recent sale price for 5 BISHOPS WAY of £367,000 on 30th May 2022. For the value to have increased from £367,000 to £371,525 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 5 BISHOPS WAY has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2022 sale price of £367,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BISHOPS WAY has not materially changed since May 2022.

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 houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stradbroke, and where 5 BISHOPS WAY lies on this distribution: 54% of detached houses houses are smaller than 5 BISHOPS WAY, and 46% 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.