9, THE GROVE, BUNGAY, NR35 1JH - £122,500

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

9 THE GROVE is a very small extended detached house of 57m², built sometime between 1950 and 1966. It was last sold for £122,500 in January 2015, which was around 57% below the average January 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was C.

9 THE GROVE Sold Prices

Land registry data shows two sales for 9 THE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 9 THE GROVE 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
2015 12 JAN	£122,500	£282,606	57% below HPI
2011 20 APR	£109,950	£248,710	56% below HPI

9 THE GROVE 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 two 9 THE GROVE sales from April 2011 and January 2015 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 April 2011 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the January 2015 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 9 THE GROVE?

9 THE GROVE is 57m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 9 THE GROVE lies on this distribution: 4% of detached houses are smaller than 9 THE GROVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bungay.

9 THE GROVE: Plot and Title Map

9 THE GROVE sits on a plot of roughly 0.115 of an acre, or 463m². The below map shows the location of 9 THE GROVE, 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 9 THE GROVE). 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 9 THE GROVE?

9 THE GROVE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 9 on THE GROVE.