7, PILGRIMS WAY, BUNGAY, NR35 1HL - £227,500

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 PILGRIMS WAY is a small extended detached house of 77m², built sometime between 1983 and 1990. It was last sold for £227,500 in January 2020, which was around 36% below the average January 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

7 PILGRIMS WAY Sold Prices

Land registry data shows four sales for 7 PILGRIMS WAY 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. All of the four 7 PILGRIMS WAY 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
2020 30 JAN	£227,500	£354,972	36% below HPI
2017 27 MAR	£182,500	£328,526	44% below HPI
2011 13 JAN	£160,000	£249,934	36% below HPI
2009 25 FEB	£142,000	£227,826	38% below HPI

7 PILGRIMS WAY 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 7 PILGRIMS WAY sales between February 2009 and January 2020 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 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the January 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 7 PILGRIMS WAY?

7 PILGRIMS WAY is 77m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% 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 PILGRIMS WAY lies on this distribution: 24% of detached houses are smaller than 7 PILGRIMS WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Bungay.

7 PILGRIMS WAY: Plot and Title Map

7 PILGRIMS WAY sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 7 PILGRIMS 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 PILGRIMS 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 PILGRIMS WAY?

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