4, MAJORS CLOSE, CHEDBURGH, BURY ST EDMUNDS, IP29 4UN - £350,000

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.

4 MAJORS CLOSE is a small semi-detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £361,823. It was last sold for £350,000 in May 2022, which was around 28% above the average May 2022 semi-detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

4 MAJORS CLOSE Sold Prices

Land registry data shows two sales for 4 MAJORS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 4 MAJORS CLOSE sales were 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
2022 9 MAY	£350,000	£273,357	28% above HPI
2008 22 DEC	£170,000	£147,076	16% above HPI

4 MAJORS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 4 MAJORS CLOSE sales from December 2008 and May 2022 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 December 2008 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2022 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 4 MAJORS CLOSE be worth now?

4 MAJORS CLOSE might now be worth an estimated £361,823.

This is based on house price inflation of 3.4%, between May 2022 and May 2026, for semi-detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.4% inflationary increase is applied to the most recent sale price for 4 MAJORS CLOSE of £350,000 on 9th May 2022. For the value to have increased from £350,000 to £361,823 over the four years to May 2026, the following assumptions must hold true:

• The value of 4 MAJORS CLOSE has moved in line with the HPI for semi-detached houses in the West Suffolk local authority area.
• The May 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MAJORS CLOSE has not materially changed since May 2022.

How Large is 4 MAJORS CLOSE?

4 MAJORS CLOSE is 102m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of semi-detached houses houses in Chedburgh, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chedburgh, and where 4 MAJORS CLOSE lies on this distribution: 34% of semi-detached houses houses are smaller than 4 MAJORS CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Chedburgh.

4 MAJORS CLOSE: Plot and Title Map

4 MAJORS CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 4 MAJORS 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 4 MAJORS 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 4 MAJORS CLOSE?

4 MAJORS CLOSE is located in CHEDBURGH, in the IP29 postcode district. The below map shows the position of No. 4 on MAJORS CLOSE.