FAIRVIEW, THETFORD ROAD, CONEY WESTON, BURY ST EDMUNDS, IP31 1DN - £600,000

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

FAIRVIEW is a very large extended detached house of 223m², built sometime between 1983 and 1990, which could now be worth an estimated £588,093. It was last sold for £600,000 in September 2022, which was around 27% above the average September 2022 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 C.

FAIRVIEW Sold Prices

Land registry data shows five sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Most of the five FAIRVIEW sales were for above 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 1 SEP	£600,000	£472,896	27% above HPI
2009 30 OCT	£290,000	£244,289	19% above HPI
2004 14 JUN	£270,000	£229,783	18% above HPI
2001 27 JUN	£152,500	£147,865	3% above HPI
1999 13 OCT	£110,000	£117,499	6% below HPI

FAIRVIEW 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 five FAIRVIEW sales between October 1999 and September 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 October 2009 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £588,093.

This is based on house price deflation of 2%, between September 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% deflationary decrease is applied to the most recent sale price for FAIRVIEW of £600,000 on 1st September 2022. For the value to have decreased from £600,000 to £588,093 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The September 2022 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since September 2022.

How Large is FAIRVIEW?

FAIRVIEW is 223m², which includes three extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses houses in Coney Weston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coney Weston, and where FAIRVIEW lies on this distribution: 87% of detached houses houses are smaller than FAIRVIEW, and 13% of houses are larger. Note that EPC data is not available for all properties in Coney Weston.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.431 of an acre, or 1,743m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on THETFORD ROAD in CONEY WESTON, in the IP31 postcode district. The below map shows the position of FAIRVIEW on THETFORD ROAD.