46, TOWER MILL ROAD, BUNGAY, NR35 1RJ - £240,000

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.

46 TOWER MILL ROAD is a very small semi-detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £266,544. It was last sold for £240,000 in September 2021, which was around 2% below the average September 2021 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

46 TOWER MILL ROAD Sold Prices

Land registry data shows six sales for 46 TOWER MILL ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Most of the six 46 TOWER MILL ROAD 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 30 SEP	£240,000	£245,373	2% below HPI
2019 4 NOV	£205,000	£227,482	10% below HPI
2017 31 JAN	£165,000	£204,358	19% below HPI
2014 17 JUN	£185,000	£174,596	6% above HPI
2002 7 JUN	£93,000	£95,365	2% below HPI
1998 31 JUL	£40,000	£55,067	27% below HPI

46 TOWER MILL ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The six 46 TOWER MILL ROAD sales between July 1998 and September 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 November 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 46 TOWER MILL ROAD be worth now?

46 TOWER MILL ROAD might now be worth an estimated £266,544.

This is based on house price inflation of 11.1%, between September 2021 and June 2025, for semi-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 11.1% inflationary increase is applied to the most recent sale price for 46 TOWER MILL ROAD of £240,000 on 30th September 2021. For the value to have increased from £240,000 to £266,544 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 46 TOWER MILL ROAD has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The September 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 46 TOWER MILL ROAD has not materially changed since September 2021.

How Large is 46 TOWER MILL ROAD?

46 TOWER MILL ROAD is 71m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of semi-detached houses houses in Bungay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bungay, and where 46 TOWER MILL ROAD lies on this distribution: 16% of semi-detached houses houses are smaller than 46 TOWER MILL ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Bungay.

46 TOWER MILL ROAD: Plot and Title Map

46 TOWER MILL ROAD sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 46 TOWER MILL ROAD, 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 46 TOWER MILL ROAD). 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 46 TOWER MILL ROAD?

46 TOWER MILL ROAD is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 46 on TOWER MILL ROAD.