8, HANBURY PADDOCKS, RISBY, BURY ST EDMUNDS, IP28 6US - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 HANBURY PADDOCKS is a very small detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £488,038. It was last sold for £270,000 in December 2009, which was around 8% above the average December 2009 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

8 HANBURY PADDOCKS Sold Prices

Land registry data shows two sales for 8 HANBURY PADDOCKS 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. One of the two 8 HANBURY PADDOCKS 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
2009 3 DEC	£270,000	£249,242	8% above HPI
2008 27 MAR	£270,000	£274,150	2% below HPI

8 HANBURY PADDOCKS 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 HANBURY PADDOCKS sales from March 2008 and December 2009 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2009 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 8 HANBURY PADDOCKS be worth now?

8 HANBURY PADDOCKS might now be worth an estimated £488,038.

This is based on house price inflation of 80.8%, between December 2009 and February 2025, 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 80.8% inflationary increase is applied to the most recent sale price for 8 HANBURY PADDOCKS of £270,000 on 3rd December 2009. For the value to have increased from £270,000 to £488,038 over the sixteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 HANBURY PADDOCKS has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The December 2009 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HANBURY PADDOCKS has not materially changed since December 2009.

How Large is 8 HANBURY PADDOCKS?

8 HANBURY PADDOCKS is 86m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses houses in Risby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Risby, and where 8 HANBURY PADDOCKS lies on this distribution: 14% of detached houses houses are smaller than 8 HANBURY PADDOCKS, and 86% of houses are larger. Note that EPC data is not available for all properties in Risby.

8 HANBURY PADDOCKS: Plot and Title Map

8 HANBURY PADDOCKS sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 8 HANBURY PADDOCKS, 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 HANBURY PADDOCKS). 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 HANBURY PADDOCKS?

8 HANBURY PADDOCKS is located in RISBY, in the IP28 postcode district. The below map shows the position of No. 8 on HANBURY PADDOCKS.