THE HOMESTEAD, THETFORD ROAD, CONEY WESTON, BURY ST EDMUNDS, IP31 1DN - £434,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE HOMESTEAD is a midsized extended detached house of 149m², built sometime before 1900, which could now be worth an estimated £451,406. It was last sold for £434,000 in June 2024, which was around 3% below the average June 2024 detached price in the West Suffolk local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was E.

THE HOMESTEAD Sold Prices

Land registry data shows three sales for THE HOMESTEAD 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. One of the three THE HOMESTEAD sales was for below the average price, whilst two 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
2024 25 JUN	£434,000	£445,638	3% below HPI
2012 12 OCT	£330,000	£273,221	21% above HPI
2001 1 JUN	£183,000	£147,865	24% above HPI

THE HOMESTEAD 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 THE HOMESTEAD sales between June 2001 and June 2024 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 October 2012 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2024 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might THE HOMESTEAD be worth now?

THE HOMESTEAD might now be worth an estimated £451,406.

This is based on house price inflation of 4%, between June 2024 and December 2024, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% inflationary increase is applied to the most recent sale price for THE HOMESTEAD of £434,000 on 25th June 2024. For the value to have increased from £434,000 to £451,406 over the six months to December 2024, the following assumptions must hold true:

• The value of THE HOMESTEAD has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The June 2024 sale price of £434,000 represented a fair market value for the property.
• The size, condition, and specification of THE HOMESTEAD has not materially changed since June 2024.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 149m², which includes two extensions, according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% of detached houses houses in Coney Weston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coney Weston, and where THE HOMESTEAD lies on this distribution: 40% of detached houses houses are smaller than THE HOMESTEAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Coney Weston.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of THE HOMESTEAD, 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 THE HOMESTEAD). 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 THE HOMESTEAD?

THE HOMESTEAD is located on THETFORD ROAD in CONEY WESTON, in the IP31 postcode district. The below map shows the position of THE HOMESTEAD on THETFORD ROAD.