RAINBOW COTTAGE, ASHFIELD ROAD, NORTON, BURY ST EDMUNDS, IP31 3NJ - £582,500

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

RAINBOW COTTAGE is a very large detached house of 212m², built sometime between 2003 and 2006. It was last sold for £582,500 in October 2017, which was around 57% above the average October 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was C.

RAINBOW COTTAGE Sold Prices

Land registry data shows two sales for RAINBOW COTTAGE 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 RAINBOW COTTAGE sales 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
2017 25 OCT	£582,500	£372,013	57% above HPI
2007 9 FEB	£425,000	£256,666	66% above HPI

RAINBOW COTTAGE 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 RAINBOW COTTAGE sales from February 2007 and October 2017 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 February 2007 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the October 2017 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is RAINBOW COTTAGE?

RAINBOW COTTAGE is 212m² according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where RAINBOW COTTAGE lies on this distribution: 85% of detached houses are smaller than RAINBOW COTTAGE, and 15% of houses are larger. Note that EPC data is not available for all properties in Norton.

RAINBOW COTTAGE: Plot and Title Map

RAINBOW COTTAGE sits on a plot of roughly 0.519 of an acre, or 2,102m². The below map shows the location of RAINBOW COTTAGE, 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 RAINBOW COTTAGE). 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 RAINBOW COTTAGE?

RAINBOW COTTAGE is located on ASHFIELD ROAD in NORTON, in the IP31 postcode district. The below map shows the position of RAINBOW COTTAGE on ASHFIELD ROAD.