SPRUCE LODGE, SCHOOL ROAD, THURSTON, BURY ST EDMUNDS, IP31 3SR - £390,000

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

SPRUCE LODGE is a midsized detached house of 113m², built sometime between 1983 and 1990. It was last sold for £390,000 in November 2015, which was around 21% above the average November 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

SPRUCE LODGE Sold Prices

Land registry data shows four sales for SPRUCE LODGE 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 SPRUCE 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
2015 6 NOV	£390,000	£322,215	21% above HPI
2007 6 SEP	£295,000	£272,042	8% above HPI
2004 9 DEC	£246,000	£225,725	9% above HPI
2000 31 MAR	£160,000	£115,877	38% above HPI

SPRUCE LODGE 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 SPRUCE LODGE sales between March 2000 and November 2015 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 2007 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2015 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is SPRUCE LODGE?

SPRUCE LODGE is 113m² according to the EPC inspection conducted in July 2015. This puts it in the largest 50% of detached houses in Thurston, based on EPC data. The below chart shows the distribution of detached houses by size in Thurston, and where SPRUCE LODGE lies on this distribution: 55% of detached houses are smaller than SPRUCE LODGE, and 43% of houses are larger. Note that EPC data is not available for all properties in Thurston.

SPRUCE LODGE: Plot and Title Map

SPRUCE LODGE sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of SPRUCE 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 SPRUCE 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 SPRUCE LODGE?

SPRUCE LODGE is located on SCHOOL ROAD in THURSTON, in the IP31 postcode district. The below map shows the position of SPRUCE LODGE on SCHOOL ROAD.