VINE COTTAGE, ASHFIELD ROAD, NORTON, BURY ST EDMUNDS, IP31 3NF - £295,000

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

VINE COTTAGE is a very small extended detached house of 75m², built sometime before 1900. It was last sold for £295,000 in September 2015, which was around 5% below the average September 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was A.

VINE COTTAGE Sold Prices

Land registry data shows three sales for VINE COTTAGE 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. Two of the three VINE COTTAGE sales were for below the average price, whilst one was 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 16 SEP	£295,000	£310,485	5% below HPI
2001 18 MAY	£136,000	£128,843	6% above HPI
1996 29 MAR	£70,000	£78,951	11% below HPI

VINE COTTAGE 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 VINE COTTAGE sales between March 1996 and September 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 2001 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2015 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is VINE COTTAGE?

VINE COTTAGE is 75m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where VINE COTTAGE lies on this distribution: 9% of detached houses are smaller than VINE COTTAGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Norton.

VINE COTTAGE: Plot and Title Map

VINE COTTAGE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of VINE COTTAGE, 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 VINE COTTAGE). 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 VINE COTTAGE?

VINE COTTAGE is located on ASHFIELD ROAD in NORTON, in the IP31 postcode district. The below map shows the position of VINE COTTAGE on ASHFIELD ROAD.