THE LAURELS, HEATH ROAD, HESSETT, BURY ST EDMUNDS, IP30 9BJ - £395,000

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 LAURELS is a very large extended detached house of 219m², built sometime between 1976 and 1982. It was last sold for £395,000 in September 2014, which was around 35% above the average September 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two THE LAURELS 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 5 SEP	£395,000	£291,647	35% above HPI
2002 16 APR	£244,000	£165,365	48% above HPI

THE LAURELS 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 two THE LAURELS sales from April 2002 and September 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 April 2002 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the September 2014 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 219m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses in Hessett, based on EPC data. The below chart shows the distribution of detached houses by size in Hessett, and where THE LAURELS lies on this distribution: 94% of detached houses are smaller than THE LAURELS, and 6% of houses are larger. Note that EPC data is not available for all properties in Hessett.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.194 of an acre, or 787m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on HEATH ROAD in HESSETT, in the IP30 postcode district. The below map shows the position of THE LAURELS on HEATH ROAD.