7, HONEYMEADE CLOSE, STANTON, BURY ST EDMUNDS, IP31 2EF - £230,000

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 HONEYMEADE CLOSE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £230,000 in February 2016, which was around 31% below the average February 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

7 HONEYMEADE CLOSE Sold Prices

Land registry data shows three sales for 7 HONEYMEADE 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 7 HONEYMEADE 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 12 FEB	£230,000	£332,300	31% below HPI
2008 27 NOV	£200,000	£239,789	17% below HPI
1997 31 OCT	£65,000	£94,419	31% below HPI

7 HONEYMEADE 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 7 HONEYMEADE CLOSE sales between October 1997 and February 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 November 2008 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 HONEYMEADE CLOSE?

7 HONEYMEADE CLOSE is 64m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Stanton, based on EPC data. The below chart shows the distribution of detached houses by size in Stanton, and where 7 HONEYMEADE CLOSE lies on this distribution: 13% of detached houses are smaller than 7 HONEYMEADE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Stanton.

7 HONEYMEADE CLOSE: Plot and Title Map

7 HONEYMEADE CLOSE sits on a plot of roughly 0.178 of an acre, or 722m². The below map shows the location of 7 HONEYMEADE 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 HONEYMEADE 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 HONEYMEADE CLOSE?

7 HONEYMEADE CLOSE is located in STANTON, in the IP31 postcode district. The below map shows the position of No. 7 on HONEYMEADE CLOSE.