3, PENNYFIELDS, BUNGAY, NR35 1RD - £220,000

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.

3 PENNYFIELDS is a very small extended detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £240,957. It was last sold for £220,000 in June 2021, which was around 42% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

3 PENNYFIELDS Sold Prices

Land registry data shows two sales for 3 PENNYFIELDS 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 3 PENNYFIELDS 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 25 JUN	£220,000	£380,583	42% below HPI
1996 31 MAY	£45,000	£74,240	39% below HPI

3 PENNYFIELDS 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 3 PENNYFIELDS sales from May 1996 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 May 1996 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2021 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 3 PENNYFIELDS be worth now?

3 PENNYFIELDS might now be worth an estimated £240,957.

This is based on house price inflation of 9.5%, between June 2021 and June 2025, for detached 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 9.5% inflationary increase is applied to the most recent sale price for 3 PENNYFIELDS of £220,000 on 25th June 2021. For the value to have increased from £220,000 to £240,957 over the four years to June 2025, the following assumptions must hold true:

• The value of 3 PENNYFIELDS has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENNYFIELDS has not materially changed since June 2021.

How Large is 3 PENNYFIELDS?

3 PENNYFIELDS is 74m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the smallest 20% of detached houses houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bungay, and where 3 PENNYFIELDS lies on this distribution: 17% of detached houses houses are smaller than 3 PENNYFIELDS, and 81% of houses are larger. Note that EPC data is not available for all properties in Bungay.

3 PENNYFIELDS: Plot and Title Map

3 PENNYFIELDS sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 3 PENNYFIELDS, 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 3 PENNYFIELDS). 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 3 PENNYFIELDS?

3 PENNYFIELDS is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 3 on PENNYFIELDS.