LONG BANK, SCHOOL ROAD, ELMSWELL, BURY ST EDMUNDS, IP30 9EW - £310,000

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

LONG BANK is a midsized extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £310,000 in March 2018, which was around 16% below the average March 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2017, where the current energy rating was E, and the potential energy rating was C.

LONG BANK Sold Prices

Land registry data shows three sales for LONG BANK 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. One of the three LONG BANK sales was for below the average price, whilst two 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
2018 9 MAR	£310,000	£367,375	16% below HPI
2001 20 APR	£160,000	£128,501	25% above HPI
1996 4 JUL	£85,000	£75,342	13% above HPI

LONG BANK 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 LONG BANK sales between July 1996 and March 2018 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 2001 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2018 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is LONG BANK?

LONG BANK is 112m², which includes one extension, according to the EPC inspection conducted in December 2017. 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 LONG BANK lies on this distribution: 42% of detached houses are smaller than LONG BANK, and 56% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

LONG BANK: Plot and Title Map

LONG BANK sits on a plot of roughly 0.220 of an acre, or 891m². The below map shows the location of LONG BANK, 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 LONG BANK). 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 LONG BANK?

LONG BANK is located on SCHOOL ROAD in ELMSWELL, in the IP30 postcode district. The below map shows the position of LONG BANK on SCHOOL ROAD.