7, PENNYFIELDS, BUNGAY, NR35 1RD - £230,000

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.

7 PENNYFIELDS is a small detached house of 89m², built sometime between 1976 and 1982, which could now be worth an estimated £281,621. It was last sold for £230,000 in September 2017, which was around 33% below the average September 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

7 PENNYFIELDS Sold Prices

Land registry data shows seven sales for 7 PENNYFIELDS since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the seven 7 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
2017 1 SEP	£230,000	£345,502	33% below HPI
2016 15 MAR	£195,000	£308,505	37% below HPI
2006 2 MAR	£160,000	£222,592	28% below HPI
2004 30 JUL	£159,950	£219,676	27% below HPI
2001 20 APR	£87,500	£128,642	32% below HPI
1999 12 NOV	£80,000	£100,135	20% below HPI
1998 20 NOV	£71,950	£91,721	22% below HPI

7 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 seven 7 PENNYFIELDS sales between November 1998 and September 2017 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 March 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2017 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 7 PENNYFIELDS be worth now?

7 PENNYFIELDS might now be worth an estimated £281,621.

This is based on house price inflation of 22.4%, between September 2017 and February 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 22.4% inflationary increase is applied to the most recent sale price for 7 PENNYFIELDS of £230,000 on 1st September 2017. For the value to have increased from £230,000 to £281,621 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 PENNYFIELDS has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PENNYFIELDS has not materially changed since September 2017.

How Large is 7 PENNYFIELDS?

7 PENNYFIELDS is 89m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 40% 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 7 PENNYFIELDS lies on this distribution: 40% of detached houses houses are smaller than 7 PENNYFIELDS, and 60% of houses are larger. Note that EPC data is not available for all properties in Bungay.

7 PENNYFIELDS: Plot and Title Map

7 PENNYFIELDS sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 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 7 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 7 PENNYFIELDS?

7 PENNYFIELDS is located in BUNGAY, in the NR35 postcode district. The below map shows the position of No. 7 on PENNYFIELDS.