7, BLACKSMITHS WAY, ELMSWELL, BURY ST EDMUNDS, IP30 9GH - £295,000

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

7 BLACKSMITHS WAY is a midsized detached house of 118m², built sometime from 2007 onwards. It was last sold for £295,000 in October 2014, which was around 1% above the average October 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

7 BLACKSMITHS WAY Sold Prices

Land registry data shows two sales for 7 BLACKSMITHS 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 7 BLACKSMITHS WAY sales were for above 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
2014 17 OCT	£295,000	£292,870	1% above HPI
2008 19 DEC	£240,000	£235,127	2% above HPI

7 BLACKSMITHS 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 7 BLACKSMITHS WAY sales from December 2008 and October 2014 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 2008 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2014 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 7 BLACKSMITHS WAY?

7 BLACKSMITHS WAY is 118m² according to the EPC inspection conducted in December 2011. This puts it in the largest 50% of detached houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses by size in Elmswell, and where 7 BLACKSMITHS WAY lies on this distribution: 52% of detached houses are smaller than 7 BLACKSMITHS WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

7 BLACKSMITHS WAY: Plot and Title Map

7 BLACKSMITHS WAY sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 7 BLACKSMITHS 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 7 BLACKSMITHS 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 7 BLACKSMITHS WAY?

7 BLACKSMITHS WAY is located in ELMSWELL, in the IP30 postcode district. The below map shows the position of No. 7 on BLACKSMITHS WAY.