ELVEZIA, MILL ROAD, BARNINGHAM, BURY ST EDMUNDS, IP31 1BT - £355,000

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

ELVEZIA is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £355,000 in April 2024, which was around 21% below the average April 2024 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was A.

ELVEZIA Sold Prices

Land registry data shows four sales for ELVEZIA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four ELVEZIA 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 23 APR	£355,000	£448,558	21% below HPI
2009 11 SEP	£205,000	£236,402	13% below HPI
2005 9 DEC	£176,500	£239,192	26% below HPI
1996 17 OCT	£60,000	£84,871	29% below HPI

ELVEZIA 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 four ELVEZIA sales between October 1996 and April 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 September 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2024 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is ELVEZIA?

ELVEZIA is 66m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Barningham, based on EPC data. The below chart shows the distribution of detached houses by size in Barningham, and where ELVEZIA lies on this distribution: 10% of detached houses are smaller than ELVEZIA, and 90% of houses are larger. Note that EPC data is not available for all properties in Barningham.

ELVEZIA: Plot and Title Map

ELVEZIA sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of ELVEZIA, 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 ELVEZIA). 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 ELVEZIA?

ELVEZIA is located on MILL ROAD in BARNINGHAM, in the IP31 postcode district. The below map shows the position of ELVEZIA on MILL ROAD.