12, REEVES CLOSE, BUNGAY, NR35 1HN - £80,000

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.

12 REEVES CLOSE is a very small terraced house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £89,599. It was last sold for £80,000 in August 2021, which was around 58% below the average August 2021 terraced price in the East Suffolk local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

12 REEVES CLOSE Sold Prices

Land registry data shows five sales for 12 REEVES CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Most of the five 12 REEVES 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 23 AUG	£80,000	£191,320	58% below HPI
2010 9 JUL	£61,000	£126,440	52% below HPI
2005 18 NOV	£59,000	£114,825	49% below HPI
2002 20 SEP	£40,000	£71,877	44% below HPI
1995 19 APR	£37,500	£36,775	2% above HPI

12 REEVES CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The five 12 REEVES CLOSE sales between April 1995 and August 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 2010 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the August 2021 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 12 REEVES CLOSE be worth now?

12 REEVES CLOSE might now be worth an estimated £89,599.

This is based on house price inflation of 12%, between August 2021 and October 2025, for terraced houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for 12 REEVES CLOSE of £80,000 on 23rd August 2021. For the value to have increased from £80,000 to £89,599 over the three years and ten months to October 2025, the following assumptions must hold true:

• The value of 12 REEVES CLOSE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The August 2021 sale price of £80,000 represented a fair market value for the property.
• The size, condition, and specification of 12 REEVES CLOSE has not materially changed since August 2021.

How Large is 12 REEVES CLOSE?

12 REEVES CLOSE is 58m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of terraced houses houses in Bungay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bungay, and where 12 REEVES CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 12 REEVES CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Bungay.

12 REEVES CLOSE: Plot and Title Map

12 REEVES CLOSE sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of 12 REEVES 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 12 REEVES 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 12 REEVES CLOSE?

12 REEVES CLOSE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 12 on REEVES CLOSE.