SOUTH LODGE, SOUTH STREET, RISBY, BURY ST EDMUNDS, IP28 6QU - £495,000

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

SOUTH LODGE is a midsized extended detached house of 140m², built sometime between 1976 and 1982. It was last sold for £495,000 in May 2014, which was around 74% above the average May 2014 detached price in the West Suffolk local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

SOUTH LODGE Sold Prices

Land registry data shows two sales for SOUTH LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two SOUTH LODGE 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
2014 22 MAY	£495,000	£285,285	74% above HPI
2007 12 JUL	£445,000	£272,654	63% above HPI

SOUTH LODGE 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 two SOUTH LODGE sales from July 2007 and May 2014 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 2007 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the May 2014 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is SOUTH LODGE?

SOUTH LODGE is 140m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the largest 50% of detached houses in Risby, based on EPC data. The below chart shows the distribution of detached houses by size in Risby, and where SOUTH LODGE lies on this distribution: 52% of detached houses are smaller than SOUTH LODGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Risby.

SOUTH LODGE: Plot and Title Map

SOUTH LODGE sits on a plot of roughly 0.305 of an acre, or 1,235m². The below map shows the location of SOUTH LODGE, 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 SOUTH LODGE). 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 SOUTH LODGE?

SOUTH LODGE is located on SOUTH STREET in RISBY, in the IP28 postcode district. The below map shows the position of SOUTH LODGE on SOUTH STREET.