THE OLD POST OFFICE, THE STREET, HESSETT, BURY ST EDMUNDS, IP30 9AZ - £540,000

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 OLD POST OFFICE is a very large extended detached house of 327m², built sometime before 1900. It was last sold for £540,000 in November 2015, which was around 68% above the average November 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

THE OLD POST OFFICE Sold Prices

Land registry data shows two sales for THE OLD POST OFFICE 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 OLD POST OFFICE 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	£540,000	£322,215	68% above HPI
2007 9 FEB	£410,000	£256,666	60% above HPI

THE OLD POST OFFICE 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 OLD POST OFFICE sales from February 2007 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 February 2007 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the November 2015 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is THE OLD POST OFFICE?

THE OLD POST OFFICE is 327m², which includes four extensions, according to the EPC inspection conducted in July 2013. 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 OLD POST OFFICE lies on this distribution: More than 99% of detached houses are smaller than THE OLD POST OFFICE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Hessett.

THE OLD POST OFFICE: Plot and Title Map

THE OLD POST OFFICE sits on a plot of roughly 0.423 of an acre, or 1,710m². The below map shows the location of THE OLD POST OFFICE, 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 OLD POST OFFICE). 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 OLD POST OFFICE?

THE OLD POST OFFICE is located on THE STREET in HESSETT, in the IP30 postcode district. The below map shows the position of THE OLD POST OFFICE on THE STREET.