5, THE WATERMILL, STAITHE ROAD, BUNGAY, NR35 1EU - £282,500

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

5 THE WATERMILL is a very large detached house of 135m², built sometime before 1900. It was last sold for £282,500 in August 2010, which was around 10% above the average August 2010 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

5 THE WATERMILL Sold Prices

Land registry data shows four sales for 5 THE WATERMILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. two of the four 5 THE WATERMILL sales were for above the average price, and four 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
2010 31 AUG	£282,500	£256,628	10% above HPI
2003 22 AUG	£193,000	£190,047	2% above HPI
1999 3 SEP	£80,000	£100,856	21% below HPI
1998 11 FEB	£68,500	£84,540	19% below HPI

5 THE WATERMILL 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 four 5 THE WATERMILL sales between February 1998 and August 2010 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 2003 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2010 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 THE WATERMILL?

5 THE WATERMILL is 135m² according to the EPC inspection conducted in October 2009. This puts it in the largest 20% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 5 THE WATERMILL lies on this distribution: 84% of detached houses are smaller than 5 THE WATERMILL, and 16% of houses are larger. Note that EPC data is not available for all properties in Bungay.

5 THE WATERMILL: Plot and Title Map

5 THE WATERMILL sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of 5 THE WATERMILL, 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 THE WATERMILL). 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 THE WATERMILL?

5 THE WATERMILL is located on STAITHE ROAD in BUNGAY, in the NR35 postcode district. The below map shows the position of 5 THE WATERMILL on STAITHE ROAD.