7, FARM CLOSE, BUNGAY, NR35 1JG - £297,500

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

7 FARM CLOSE is a very large extended detached house of 149m², built sometime between 1967 and 1975. It was last sold for £297,500 in April 2015, which was around 4% above the average April 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was B.

7 FARM CLOSE Sold Prices

Land registry data shows two sales for 7 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two 7 FARM CLOSE sales was for above the average price, whilst the other was 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
2015 2 APR	£297,500	£286,842	4% above HPI
2008 20 MAR	£249,500	£257,725	3% below HPI

7 FARM CLOSE 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 two 7 FARM CLOSE sales from March 2008 and April 2015 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 March 2008 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 7 FARM CLOSE?

7 FARM CLOSE is 149m², which includes two extensions, according to the EPC inspection conducted in September 2021. 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 7 FARM CLOSE lies on this distribution: 89% of detached houses are smaller than 7 FARM CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Bungay.

7 FARM CLOSE: Plot and Title Map

7 FARM CLOSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 7 FARM 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 7 FARM 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 7 FARM CLOSE?

7 FARM CLOSE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 7 on FARM CLOSE.