THE HOMESTEAD, THETFORD ROAD, CONEY WESTON, BURY ST EDMUNDS, IP31 1DN - £330,000

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

THE HOMESTEAD is a midsized extended detached house of 149m², built sometime before 1900. It was last sold for £330,000 in October 2012, which was around 22% above the average October 2012 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 two sales for THE HOMESTEAD 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 THE HOMESTEAD 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
2012 12 OCT	£330,000	£269,728	22% above HPI
2001 1 JUN	£183,000	£145,975	25% 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 two THE HOMESTEAD sales from June 2001 and October 2012 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 June 2001 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2012 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

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 in Coney Weston, based on EPC data. The below chart shows the distribution of detached houses by size in Coney Weston, and where THE HOMESTEAD lies on this distribution: 40% of detached 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.