OAKRIDGE, SWAN LANE, CONEY WESTON, BURY ST EDMUNDS, IP31 1DW - £300,000

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

OAKRIDGE is a very small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £300,000 in December 2019, which was around 22% below the average December 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

OAKRIDGE Sold Prices

Land registry data shows four sales for OAKRIDGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four OAKRIDGE 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
2019 20 DEC	£300,000	£386,448	22% below HPI
2007 7 DEC	£237,500	£270,428	12% below HPI
2006 12 APR	£203,000	£239,985	15% below HPI
2002 16 OCT	£139,000	£192,066	28% below HPI

OAKRIDGE 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 four OAKRIDGE sales between October 2002 and December 2019 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 December 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is OAKRIDGE?

OAKRIDGE is 102m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Coney Weston, based on EPC data. The below chart shows the distribution of detached houses by size in Coney Weston, and where OAKRIDGE lies on this distribution: 3% of detached houses are smaller than OAKRIDGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Coney Weston.

OAKRIDGE: Plot and Title Map

OAKRIDGE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of OAKRIDGE, 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 OAKRIDGE). 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 OAKRIDGE?

OAKRIDGE is located on SWAN LANE in CONEY WESTON, in the IP31 postcode district. The below map shows the position of OAKRIDGE on SWAN LANE.