THE RED HOUSE, ASHFIELD ROAD, NORTON, BURY ST EDMUNDS, IP31 3NJ - £485,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE RED HOUSE is a large extended detached house of 195m², built sometime before 1900, which could now be worth an estimated £860,429. It was last sold for £485,000 in June 2013, which was around 89% above the average June 2013 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was A.

THE RED HOUSE Sold Prices

Land registry data shows three sales for THE RED HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three THE RED HOUSE 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
2013 28 JUN	£485,000	£256,937	89% above HPI
2002 19 DEC	£465,000	£196,979	136% above HPI
1997 31 OCT	£230,000	£92,374	149% above HPI

THE RED HOUSE 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 three THE RED HOUSE sales between October 1997 and June 2013 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 December 2002 sale was for 136% above the HPI. So the extrapolation line tracks at 136% above the HPI over time, until the June 2013 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might THE RED HOUSE be worth now?

THE RED HOUSE might now be worth an estimated £860,429.

This is based on house price inflation of 77.4%, between June 2013 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.4% inflationary increase is applied to the most recent sale price for THE RED HOUSE of £485,000 on 28th June 2013. For the value to have increased from £485,000 to £860,429 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of THE RED HOUSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The June 2013 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of THE RED HOUSE has not materially changed since June 2013.

How Large is THE RED HOUSE?

THE RED HOUSE is 195m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses houses in Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norton, and where THE RED HOUSE lies on this distribution: 76% of detached houses houses are smaller than THE RED HOUSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Norton.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 2.7 acres, or 10,759m². The below map shows the location of THE RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

THE RED HOUSE is located on ASHFIELD ROAD in NORTON, in the IP31 postcode district. The below map shows the position of THE RED HOUSE on ASHFIELD ROAD.