BONANZA, SPONG LANE, ELMSWELL, BURY ST EDMUNDS, IP30 9DX - £340,000

BONANZA is a midsized detached house of 120m², built sometime between 1967 and 1975. It was last sold for £340,000 in June 2011, which was around 38% above the average June 2011 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

BONANZA Sold Prices

Land registry data shows two sales for BONANZA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the two BONANZA sales was for above the average price, whilst the other was 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
2011 23 JUN	£340,000	£245,708	38% above HPI
2006 27 JAN	£237,500	£240,572	1% below HPI

BONANZA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two BONANZA sales from January 2006 and June 2011 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 January 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2011 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is BONANZA?

BONANZA is 120m² according to the EPC inspection conducted in March 2011. This puts it in the largest 50% of detached houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses by size in Elmswell, and where BONANZA lies on this distribution: 55% of detached houses are smaller than BONANZA, and 45% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

BONANZA: Plot and Title Map

BONANZA sits on a plot of roughly 0.254 of an acre, or 1,028m². The below map shows the location of BONANZA, 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 BONANZA). 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 BONANZA?

BONANZA is located on SPONG LANE in ELMSWELL, in the IP30 postcode district. The below map shows the position of BONANZA on SPONG LANE.