SILVER LEY, FORNHAM ROAD, GREAT BARTON, BURY ST EDMUNDS, IP31 2TR - £475,000

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

SILVER LEY is a small extended detached house of 120m², built sometime between 1950 and 1966. It was last sold for £475,000 in July 2022, which was around 6% above the average July 2022 detached price in the West 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.

SILVER LEY Sold Prices

Land registry data shows three sales for SILVER LEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Two of the three SILVER LEY sales were for above the average price, whilst one was 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
2022 15 JUL	£475,000	£448,889	6% above HPI
2005 8 JUL	£235,000	£240,824	2% below HPI
1999 7 MAY	£121,000	£109,106	11% above HPI

SILVER LEY 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 three SILVER LEY sales between May 1999 and July 2022 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 July 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is SILVER LEY?

SILVER LEY is 120m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 30% of detached houses in Great Barton, based on EPC data. The below chart shows the distribution of detached houses by size in Great Barton, and where SILVER LEY lies on this distribution: 23% of detached houses are smaller than SILVER LEY, and 77% of houses are larger. Note that EPC data is not available for all properties in Great Barton.

SILVER LEY: Plot and Title Map

SILVER LEY sits on a plot of roughly 0.193 of an acre, or 779m². The below map shows the location of SILVER LEY, 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 SILVER LEY). 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 SILVER LEY?

SILVER LEY is located on FORNHAM ROAD in GREAT BARTON, in the IP31 postcode district. The below map shows the position of SILVER LEY on FORNHAM ROAD.