8, ELM CLOSE, LAKENHEATH, BRANDON, IP27 9JH - £238,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 ELM CLOSE is a very small detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £231,220. It was last sold for £238,000 in November 2022, which was around 50% below the average November 2022 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

8 ELM CLOSE Sold Prices

Land registry data shows two sales for 8 ELM 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 West Suffolk local authority area for the corresponding sale date. Both of the two 8 ELM 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
2022 18 NOV	£238,000	£477,102	50% below HPI
2008 5 SEP	£146,000	£261,755	44% below HPI

8 ELM 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 two 8 ELM CLOSE sales from September 2008 and November 2022 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 September 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2022 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 8 ELM CLOSE be worth now?

8 ELM CLOSE might now be worth an estimated £231,220.

This is based on house price deflation of 2.8%, between November 2022 and December 2024, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 8 ELM CLOSE of £238,000 on 18th November 2022. For the value to have decreased from £238,000 to £231,220 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 8 ELM CLOSE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The November 2022 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELM CLOSE has not materially changed since November 2022.

How Large is 8 ELM CLOSE?

8 ELM CLOSE is 68m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lakenheath, and where 8 ELM CLOSE lies on this distribution: 18% of detached houses houses are smaller than 8 ELM CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

8 ELM CLOSE: Plot and Title Map

8 ELM CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 8 ELM 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 8 ELM 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 8 ELM CLOSE?

8 ELM CLOSE is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 8 on ELM CLOSE.