57, MAJORS CLOSE, CHEDBURGH, BURY ST EDMUNDS, IP29 4UN - £285,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

57 MAJORS CLOSE is a small detached house of 101m², built sometime between 1950 and 1966, which could now be worth an estimated £375,412. It was last sold for £285,000 in March 2016, which was around 17% below the average March 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

57 MAJORS CLOSE Sold Prices

Land registry data shows three sales for 57 MAJORS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 57 MAJORS CLOSE 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
2016 31 MAR	£285,000	£342,017	17% below HPI
2010 15 DEC	£232,500	£264,751	12% below HPI
2007 9 JUL	£235,000	£276,185	15% below HPI

57 MAJORS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three 57 MAJORS CLOSE sales between July 2007 and March 2016 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 December 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 57 MAJORS CLOSE be worth now?

57 MAJORS CLOSE might now be worth an estimated £375,412.

This is based on house price inflation of 31.7%, between March 2016 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.7% inflationary increase is applied to the most recent sale price for 57 MAJORS CLOSE of £285,000 on 31st March 2016. For the value to have increased from £285,000 to £375,412 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 57 MAJORS CLOSE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The March 2016 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 57 MAJORS CLOSE has not materially changed since March 2016.

How Large is 57 MAJORS CLOSE?

57 MAJORS CLOSE is 101m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses houses in Chedburgh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chedburgh, and where 57 MAJORS CLOSE lies on this distribution: 35% of detached houses houses are smaller than 57 MAJORS CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Chedburgh.

57 MAJORS CLOSE: Plot and Title Map

57 MAJORS CLOSE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 57 MAJORS CLOSE, 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 57 MAJORS CLOSE). 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 57 MAJORS CLOSE?

57 MAJORS CLOSE is located in CHEDBURGH, in the IP29 postcode district. The below map shows the position of No. 57 on MAJORS CLOSE.