2, PATES CORNER, LAWSHALL, BURY ST EDMUNDS, IP29 4NZ - £244,000

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.

2 PATES CORNER is a small detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £398,005. It was last sold for £244,000 in July 2013, which was around 17% below the average July 2013 detached price in the Babergh local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

2 PATES CORNER Sold Prices

Land registry data shows four sales for 2 PATES CORNER since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 2 PATES CORNER 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
2013 24 JUL	£244,000	£292,845	17% below HPI
2004 7 APR	£225,000	£228,247	1% below HPI
2002 28 JUN	£179,000	£183,551	2% below HPI
1999 23 APR	£101,000	£107,040	6% below HPI

2 PATES CORNER Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four 2 PATES CORNER sales between April 1999 and July 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 April 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2013 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 PATES CORNER be worth now?

2 PATES CORNER might now be worth an estimated £398,005.

This is based on house price inflation of 63.1%, between July 2013 and May 2026, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.1% inflationary increase is applied to the most recent sale price for 2 PATES CORNER of £244,000 on 24th July 2013. For the value to have increased from £244,000 to £398,005 over the thirteen years and two months to May 2026, the following assumptions must hold true:

• The value of 2 PATES CORNER has moved in line with the HPI for detached houses in the Babergh local authority area.
• The July 2013 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PATES CORNER has not materially changed since July 2013.

How Large is 2 PATES CORNER?

2 PATES CORNER is 104m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 40% of detached houses houses in Lawshall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lawshall, and where 2 PATES CORNER lies on this distribution: 36% of detached houses houses are smaller than 2 PATES CORNER, and 64% of houses are larger. Note that EPC data is not available for all properties in Lawshall.

2 PATES CORNER: Plot and Title Map

2 PATES CORNER sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 2 PATES CORNER, 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 2 PATES CORNER). 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 2 PATES CORNER?

2 PATES CORNER is located in LAWSHALL, in the IP29 postcode district. The below map shows the position of No. 2 on PATES CORNER.