FOURWAYS, THE STREET, NORTON, BURY ST EDMUNDS, IP31 3LY - £285,000

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

FOURWAYS is a small extended detached house of 113m², built sometime between 1900 and 1929. It was last sold for £285,000 in January 2016, which was around 13% below the average January 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

FOURWAYS Sold Prices

Land registry data shows two sales for FOURWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two FOURWAYS 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
2016 29 JAN	£285,000	£326,737	13% below HPI
1997 7 APR	£77,000	£81,128	5% below HPI

FOURWAYS 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 two FOURWAYS sales from April 1997 and January 2016 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 1997 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is FOURWAYS?

FOURWAYS is 113m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of detached houses in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where FOURWAYS lies on this distribution: 38% of detached houses are smaller than FOURWAYS, and 62% of houses are larger. Note that EPC data is not available for all properties in Norton.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.236 of an acre, or 954m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

FOURWAYS is located on THE STREET in NORTON, in the IP31 postcode district. The below map shows the position of FOURWAYS on THE STREET.