HIGHBANK, FLAX LANE, GLEMSFORD, SUDBURY, CO10 7RS - £350,000

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

HIGHBANK is a small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £350,000 in June 2021, which was around 18% below the average June 2021 detached price in the Babergh local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

HIGHBANK Sold Prices

Land registry data shows three sales for HIGHBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three HIGHBANK 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
2021 25 JUN	£350,000	£426,720	18% below HPI
2002 16 AUG	£172,000	£193,185	11% below HPI
1997 27 MAR	£60,000	£84,282	29% below HPI

HIGHBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The three HIGHBANK sales between March 1997 and June 2021 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 August 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is HIGHBANK?

HIGHBANK is 90m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 40% of detached houses in Glemsford, based on EPC data. The below chart shows the distribution of detached houses by size in Glemsford, and where HIGHBANK lies on this distribution: 39% of detached houses are smaller than HIGHBANK, and 61% of houses are larger. Note that EPC data is not available for all properties in Glemsford.

HIGHBANK: Plot and Title Map

HIGHBANK sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of HIGHBANK, 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 HIGHBANK). 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 HIGHBANK?

HIGHBANK is located on FLAX LANE in GLEMSFORD, in the CO10 postcode district. The below map shows the position of HIGHBANK on FLAX LANE.