SPRINGFIELD, MILL LANE, BARNBY, BECCLES, NR34 7PZ - £685,000

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

SPRINGFIELD is a very large extended detached house of 234m², built sometime between 1991 and 1995. It was last sold for £685,000 in June 2021, which was around 80% above the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was C.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three SPRINGFIELD 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 29 JUN	£685,000	£380,524	80% above HPI
2007 10 JUL	£379,950	£250,789	52% above HPI
1998 12 NOV	£174,000	£91,707	90% above HPI

SPRINGFIELD 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 three SPRINGFIELD sales between November 1998 and June 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 July 2007 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the June 2021 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 234m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 20% of detached houses in Barnby, based on EPC data. The below chart shows the distribution of detached houses by size in Barnby, and where SPRINGFIELD lies on this distribution: 89% of detached houses are smaller than SPRINGFIELD, and 11% of houses are larger. Note that EPC data is not available for all properties in Barnby.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.303 of an acre, or 1,225m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on MILL LANE in BARNBY, in the NR34 postcode district. The below map shows the position of SPRINGFIELD on MILL LANE.