6, OCLEE PLACE, BUNGAY, NR35 1FA - £280,000

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.

6 OCLEE PLACE is a midsized detached house of 98m², which could now be worth an estimated £331,278. It was last sold for £280,000 in June 2020, which was around 21% below the average June 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was B, and the potential energy rating was A.

6 OCLEE PLACE Sold Prices

Land registry data shows two sales for 6 OCLEE PLACE 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. One of the two 6 OCLEE PLACE sales was for below the average price, whilst the other was 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
2020 12 JUN	£280,000	£352,315	21% below HPI
2018 10 JUL	£387,500	£354,091	9% above HPI

6 OCLEE PLACE 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 6 OCLEE PLACE sales from July 2018 and June 2020 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 2018 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 6 OCLEE PLACE be worth now?

6 OCLEE PLACE might now be worth an estimated £331,278.

This is based on house price inflation of 18.3%, between June 2020 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 18.3% inflationary increase is applied to the most recent sale price for 6 OCLEE PLACE of £280,000 on 12th June 2020. For the value to have increased from £280,000 to £331,278 over the five years to June 2025, the following assumptions must hold true:

• The value of 6 OCLEE PLACE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 6 OCLEE PLACE has not materially changed since June 2020.

How Large is 6 OCLEE PLACE?

6 OCLEE PLACE is 98m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% 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 6 OCLEE PLACE lies on this distribution: 51% of detached houses houses are smaller than 6 OCLEE PLACE, and 46% of houses are larger. Note that EPC data is not available for all properties in Bungay.

6 OCLEE PLACE: Plot and Title Map

6 OCLEE PLACE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 6 OCLEE PLACE, 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 6 OCLEE PLACE). 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 6 OCLEE PLACE?

6 OCLEE PLACE is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 6 on OCLEE PLACE.