BYWAYS, COLDHAM LANE, GISLINGHAM, EYE, IP23 8JA - £220,000

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.

BYWAYS is a very small detached house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £227,869. It was last sold for £220,000 in September 2024, which was around 50% below the average September 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

BYWAYS Sold Prices

Land registry data shows three sales for BYWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three BYWAYS 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
2024 25 SEP	£220,000	£440,085	50% below HPI
2012 1 OCT	£164,950	£260,726	37% below HPI
2007 12 DEC	£178,000	£287,453	38% below HPI

BYWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three BYWAYS sales between December 2007 and September 2024 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 October 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2024 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might BYWAYS be worth now?

BYWAYS might now be worth an estimated £227,869.

This is based on house price inflation of 3.6%, between September 2024 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% inflationary increase is applied to the most recent sale price for BYWAYS of £220,000 on 25th September 2024. For the value to have increased from £220,000 to £227,869 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of BYWAYS has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The September 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of BYWAYS has not materially changed since September 2024.

How Large is BYWAYS?

BYWAYS is 79m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses houses in Gislingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gislingham, and where BYWAYS lies on this distribution: 7% of detached houses houses are smaller than BYWAYS, and 93% of houses are larger. Note that EPC data is not available for all properties in Gislingham.

BYWAYS: Plot and Title Map

BYWAYS sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of BYWAYS, 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 BYWAYS). 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 BYWAYS?

BYWAYS is located on COLDHAM LANE in GISLINGHAM, in the IP23 postcode district. The below map shows the position of BYWAYS on COLDHAM LANE.