RIVERSIDE, STAITHE ROAD, BUNGAY, NR35 1EU - £255,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

RIVERSIDE is a small extended detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £354,216. It was last sold for £255,000 in February 2016, which was around 16% below the average February 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

RIVERSIDE Sold Prices

Land registry data shows two sales for RIVERSIDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two RIVERSIDE sales was for below the average price, whilst the other was 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
2016 9 FEB	£255,000	£304,551	16% below HPI
2005 17 FEB	£235,000	£225,717	4% above HPI

RIVERSIDE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two RIVERSIDE sales from February 2005 and February 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 February 2005 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might RIVERSIDE be worth now?

RIVERSIDE might now be worth an estimated £354,216.

This is based on house price inflation of 38.9%, between February 2016 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.9% inflationary increase is applied to the most recent sale price for RIVERSIDE of £255,000 on 9th February 2016. For the value to have increased from £255,000 to £354,216 over the nine years to February 2025, the following assumptions must hold true:

• The value of RIVERSIDE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2016 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of RIVERSIDE has not materially changed since February 2016.

How Large is RIVERSIDE?

RIVERSIDE is 83m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bungay, and where RIVERSIDE lies on this distribution: 32% of detached houses houses are smaller than RIVERSIDE, and 68% of houses are larger. Note that EPC data is not available for all properties in Bungay.

RIVERSIDE: Plot and Title Map

RIVERSIDE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of RIVERSIDE, 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 RIVERSIDE). 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 RIVERSIDE?

RIVERSIDE is located on STAITHE ROAD in BUNGAY, in the NR35 postcode district. The below map shows the position of RIVERSIDE on STAITHE ROAD.