SANDALWOOD, HEATH ROAD, NORTON, BURY ST EDMUNDS, IP31 3LR - £525,000

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.

SANDALWOOD is a large extended detached house of 152m², built sometime between 1996 and 2002, which could now be worth an estimated £602,575. It was last sold for £525,000 in March 2021, which was around 32% above the average March 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

SANDALWOOD Sold Prices

Land registry data shows four sales for SANDALWOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four SANDALWOOD 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
2021 5 MAR	£525,000	£397,144	32% above HPI
2005 30 SEP	£295,000	£243,265	21% above HPI
2000 10 MAR	£178,500	£118,607	50% above HPI
1996 1 NOV	£120,000	£83,028	45% above HPI

SANDALWOOD 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 four SANDALWOOD sales between November 1996 and March 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 September 2005 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2021 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might SANDALWOOD be worth now?

SANDALWOOD might now be worth an estimated £602,575.

This is based on house price inflation of 14.8%, between March 2021 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for SANDALWOOD of £525,000 on 5th March 2021. For the value to have increased from £525,000 to £602,575 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of SANDALWOOD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The March 2021 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of SANDALWOOD has not materially changed since March 2021.

How Large is SANDALWOOD?

SANDALWOOD is 152m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 40% of detached houses houses in Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norton, and where SANDALWOOD lies on this distribution: 68% of detached houses houses are smaller than SANDALWOOD, and 32% of houses are larger. Note that EPC data is not available for all properties in Norton.

SANDALWOOD: Plot and Title Map

SANDALWOOD sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of SANDALWOOD, 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 SANDALWOOD). 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 SANDALWOOD?

SANDALWOOD is located on HEATH ROAD in NORTON, in the IP31 postcode district. The below map shows the position of SANDALWOOD on HEATH ROAD.