62, NETHERGATE STREET, BUNGAY, NR35 1HE - £385,000

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.

62 NETHERGATE STREET is a large detached house of 122m², built sometime between 2003 and 2006, which could now be worth an estimated £427,956. It was last sold for £385,000 in June 2021, which was around 1% above the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

62 NETHERGATE STREET Sold Prices

Land registry data shows four sales for 62 NETHERGATE STREET 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. One of the four 62 NETHERGATE STREET sales was for above the average price, whilst two 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
2021 28 JUN	£385,000	£380,583	1% above HPI
2014 15 MAY	£229,000	£270,247	15% below HPI
2007 2 MAR	£245,000	£246,753	1% below HPI
2003 7 NOV	£199,500	£200,305	Close to HPI

62 NETHERGATE STREET 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 62 NETHERGATE STREET sales between November 2003 and June 2021 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 May 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 62 NETHERGATE STREET be worth now?

62 NETHERGATE STREET might now be worth an estimated £427,956.

This is based on house price inflation of 11.2%, between June 2021 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.2% inflationary increase is applied to the most recent sale price for 62 NETHERGATE STREET of £385,000 on 28th June 2021. For the value to have increased from £385,000 to £427,956 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 62 NETHERGATE STREET has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 62 NETHERGATE STREET has not materially changed since June 2021.

How Large is 62 NETHERGATE STREET?

62 NETHERGATE STREET is 122m² according to the EPC inspection conducted in April 2021. This puts it in the largest 20% of detached houses houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bungay, and where 62 NETHERGATE STREET lies on this distribution: 79% of detached houses houses are smaller than 62 NETHERGATE STREET, and 20% of houses are larger. Note that EPC data is not available for all properties in Bungay.

62 NETHERGATE STREET: Plot and Title Map

62 NETHERGATE STREET sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 62 NETHERGATE STREET, 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 62 NETHERGATE STREET). 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 62 NETHERGATE STREET?

62 NETHERGATE STREET is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 62 on NETHERGATE STREET.