56, EASTERN WAY, ELMSWELL, BURY ST. EDMUNDS, IP30 9DP - £137,500

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

56 EASTERN WAY is a very large extended detached house of 152m², built sometime between 1976 and 1982. It was last sold for £137,500 in January 2009, which was around 41% below the average January 2009 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was B, and the potential energy rating was B.

56 EASTERN WAY Sold Prices

Land registry data shows two sales for 56 EASTERN 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 56 EASTERN 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
2009 26 JAN	£137,500	£231,685	41% below HPI
2003 21 NOV	£128,000	£210,407	39% below HPI

56 EASTERN 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 56 EASTERN WAY sales from November 2003 and January 2009 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 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2009 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 56 EASTERN WAY?

56 EASTERN WAY is 152m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 20% of detached houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses by size in Elmswell, and where 56 EASTERN WAY lies on this distribution: 82% of detached houses are smaller than 56 EASTERN WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

56 EASTERN WAY: Plot and Title Map

56 EASTERN WAY sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 56 EASTERN 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 56 EASTERN 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 56 EASTERN WAY?

56 EASTERN WAY is located in ELMSWELL, in the IP30 postcode district. The below map shows the position of No. 56 on EASTERN WAY.