MAYFIELD, WARREN LANE, ELMSWELL, BURY ST EDMUNDS, IP30 9DT - £490,000

MAYFIELD is a large extended detached house of 123m², built sometime between 1950 and 1966. It was last sold for £490,000 in November 2022, which was around 2% above the average November 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was A.

MAYFIELD Sold Prices

Land registry data shows three sales for MAYFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the three MAYFIELD sales was for above the average price, whilst two 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
2022 3 NOV	£490,000	£478,171	2% above HPI
2018 6 AUG	£275,000	£374,970	27% below HPI
2000 27 JUL	£110,000	£131,151	16% below HPI

MAYFIELD 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 three MAYFIELD sales between July 2000 and November 2022 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 August 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is MAYFIELD?

MAYFIELD is 123m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 40% of detached houses in Elmswell, based on EPC data. The below chart shows the distribution of detached houses by size in Elmswell, and where MAYFIELD lies on this distribution: 61% of detached houses are smaller than MAYFIELD, and 39% of houses are larger. Note that EPC data is not available for all properties in Elmswell.

MAYFIELD: Plot and Title Map

MAYFIELD sits on a plot of roughly 0.215 of an acre, or 871m². The below map shows the location of MAYFIELD, 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 MAYFIELD). 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 MAYFIELD?

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