7, PENNYFIELDS, BUNGAY, NR35 1RD - £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 PENNYFIELDS is a small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £230,000 in September 2017, which was around 33% below the average September 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

7 PENNYFIELDS Sold Prices

Land registry data shows seven sales for 7 PENNYFIELDS since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the seven 7 PENNYFIELDS 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
2017 1 SEP	£230,000	£345,448	33% below HPI
2016 15 MAR	£195,000	£308,457	37% below HPI
2006 2 MAR	£160,000	£222,557	28% below HPI
2004 30 JUL	£159,950	£219,642	27% below HPI
2001 20 APR	£87,500	£128,622	32% below HPI
1999 12 NOV	£80,000	£100,119	20% below HPI
1998 20 NOV	£71,950	£91,707	22% below HPI

7 PENNYFIELDS 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 seven 7 PENNYFIELDS sales between November 1998 and September 2017 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 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2017 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 PENNYFIELDS?

7 PENNYFIELDS is 89m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 40% 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 PENNYFIELDS lies on this distribution: 39% of detached houses are smaller than 7 PENNYFIELDS, and 61% of houses are larger. Note that EPC data is not available for all properties in Bungay.

7 PENNYFIELDS: Plot and Title Map

7 PENNYFIELDS sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 PENNYFIELDS, 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 PENNYFIELDS). 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 PENNYFIELDS?

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