THE SALIX, HEATH ROAD, NORTON, BURY ST EDMUNDS, IP31 3LT - £325,000

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 SALIX is a large extended detached house of 174m², built sometime before 1900. It was last sold for £325,000 in March 2015, which was around 9% above the average March 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

THE SALIX Sold Prices

Land registry data shows four sales for THE SALIX since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four THE SALIX 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 MAR	£325,000	£297,505	9% above HPI
2003 6 MAY	£310,000	£198,212	56% above HPI
1998 23 OCT	£159,950	£101,611	57% above HPI
1995 22 NOV	£115,500	£76,343	51% above HPI

THE SALIX 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 four THE SALIX sales between November 1995 and March 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 May 2003 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2015 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is THE SALIX?

THE SALIX is 174m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where THE SALIX lies on this distribution: 71% of detached houses are smaller than THE SALIX, and 29% of houses are larger. Note that EPC data is not available for all properties in Norton.

THE SALIX: Plot and Title Map

THE SALIX sits on a plot of roughly 0.196 of an acre, or 795m². The below map shows the location of THE SALIX, 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 SALIX). 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 SALIX?

THE SALIX is located on HEATH ROAD in NORTON, in the IP31 postcode district. The below map shows the position of THE SALIX on HEATH ROAD.