According to the public record, Folly Cottage, Bury St. Edmunds is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,649 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
High Street, Ixworth, Bury St. Edmunds, IP31 is located in the borough of West Suffolk within the IP31 postal district.
Folly Cottage, Bury St. Edmunds has 31 entries in the Land Registry database, most recently in August 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Folly Cottage Bury St. Edmunds as £444,869 and the rental value as £1,505 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Folly Cottage Bury St. Edmunds has increased by £5,022 (1.1%) and its rental value has increased by £19 per month (1.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Folly Cottage, Bury St. Edmunds is in very good condition we estimate a sale value of £467,112 and rental value of £1,580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £413,728 and a rental value of £1,399 per month.
If you were able to purchase this property for the estimated value of £444,869, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,186 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Folly Cottage, Bury St. Edmunds was last sold on 22 Aug 2013 for £299,995 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2013, the market for similar properties has risen 49.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Folly Cottage, Bury St. Edmunds within a radius of 91m over the last 2 years.
The most recent example is 47, High Street, Bury St. Edmunds, IP31 2HJ, a Freehold house which sold for £430,000 in Dec 2022.
Read more about house prices in IP31.
High Street, Ixworth, Bury St. Edmunds, IP31 has a total of 106 addresses. According to our analysis of all the public data, Folly Cottage, Bury St. Edmunds is the 31st largest and the 34th most expensive property on the street.
When compared to the postcode district it is £106k more expensive than the average property in IP31.
The closest station to Folly Cottage, Bury St. Edmunds is Thurston station which is 5.6 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Folly Cottage, Bury St. Edmunds, 70.1% of property is privately owned outright and 14.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Folly Cottage, Bury St. Edmunds, 7.9% of residents are recorded as possessing school level qualifications and 27.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Folly Cottage, Bury St. Edmunds, the average age was 42.6 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Folly Cottage, Bury St. Edmunds, 0.6% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Folly Cottage, Bury St. Edmunds, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.