GRACES, NEW ROAD, ELMSWELL, BURY ST EDMUNDS, IP30 9BT - £305,000

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

GRACES is a midsized extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £305,000 in May 2016, which was around 8% below the average May 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

GRACES Sold Prices

Land registry data shows three sales for GRACES 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 GRACES 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 13 MAY	£305,000	£332,106	8% below HPI
2006 18 SEP	£195,000	£255,672	24% below HPI
1998 28 AUG	£78,000	£99,991	22% below HPI

GRACES 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 GRACES sales between August 1998 and May 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 September 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2016 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is GRACES?

GRACES is 115m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% of detached houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses by size in Elmswell, and where GRACES lies on this distribution: 49% of detached houses are smaller than GRACES, and 51% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

GRACES: Plot and Title Map

GRACES sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of GRACES, 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 GRACES). 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 GRACES?

GRACES is located on NEW ROAD in ELMSWELL, in the IP30 postcode district. The below map shows the position of GRACES on NEW ROAD.