ELVEZIA, MILL ROAD, BARNINGHAM, BURY ST EDMUNDS, IP31 1BT - £355,000

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.

ELVEZIA is a very small detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £354,925. It was last sold for £355,000 in April 2024, which was around 22% below the average April 2024 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was A.

ELVEZIA Sold Prices

Land registry data shows four sales for ELVEZIA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four ELVEZIA 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
2024 23 APR	£355,000	£455,053	22% below HPI
2009 11 SEP	£205,000	£239,463	14% below HPI
2005 9 DEC	£176,500	£242,290	27% below HPI
1996 17 OCT	£60,000	£85,970	30% below HPI

ELVEZIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The four ELVEZIA sales between October 1996 and April 2024 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 September 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2024 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might ELVEZIA be worth now?

ELVEZIA might now be worth an estimated £354,925.

This is based on house price deflation of 0%, between April 2024 and April 2026, for 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 0% deflationary decrease is applied to the most recent sale price for ELVEZIA of £355,000 on 23rd April 2024. For the value to have decreased from £355,000 to £354,925 over the two years to April 2026, the following assumptions must hold true:

• The value of ELVEZIA has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The April 2024 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of ELVEZIA has not materially changed since April 2024.

How Large is ELVEZIA?

ELVEZIA is 66m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses houses in Barningham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barningham, and where ELVEZIA lies on this distribution: 11% of detached houses houses are smaller than ELVEZIA, and 89% of houses are larger. Note that EPC data is not available for all properties in Barningham.

ELVEZIA: Plot and Title Map

ELVEZIA sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of ELVEZIA, 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 ELVEZIA). 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 ELVEZIA?

ELVEZIA is located on MILL ROAD in BARNINGHAM, in the IP31 postcode district. The below map shows the position of ELVEZIA on MILL ROAD.