1, FARM CLOSE, BUNGAY, NR35 1JG - £295,000

1 FARM CLOSE is a small detached house of 79m², built sometime between 1950 and 1966. It was last sold for £295,000 in June 2021, which was around 22% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

1 FARM CLOSE Sold Prices

Land registry data shows two sales for 1 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 1 FARM CLOSE sales were for below 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
2021 18 JUN	£295,000	£380,524	22% below HPI
2003 16 JUL	£132,500	£186,962	29% below HPI

1 FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 1 FARM CLOSE sales from July 2003 and June 2021 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 July 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2021 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 1 FARM CLOSE?

1 FARM CLOSE is 79m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where 1 FARM CLOSE lies on this distribution: 29% of detached houses are smaller than 1 FARM CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Bungay.

1 FARM CLOSE: Plot and Title Map

1 FARM CLOSE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 1 FARM CLOSE, 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 1 FARM CLOSE). 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 1 FARM CLOSE?

1 FARM CLOSE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 1 on FARM CLOSE.