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Bungay House Prices Bungay House Prices

The average house price in Bungay is £270,000 using HM Land Registry data.

The average property price increased by £86,064 (40.03%) over the last 5 years and increased by £17,201 (6.06%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 9 transactions (-14.29%) relative to the previous year. The majority of house sales (23) were in the £190,000 - £242,000 range. Then came properties in the £242,000 - £294,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 23 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,029 (-3%).

In April 2024, there were 15 new estate agency instructions, 5 agreed home sales and 11 property price reductions.

Postcodes Covered: NR35

5-Year Average Property Prices in Bungay

40.03%

Property prices in Bungay increased by 40.03% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Bungay Over the Last Year

6.06%

Property prices in Bungay increased by 6.06% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Bungay - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Bungay

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Bungay

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Bungay

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Bungay since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Bungay area since 1995.

Recent Property Sales in Bungay

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
15 Fairfield Road, Bungay, Suffolk, NR35 1RY£285,000£271,000-£14,00011 Dec 202326 Feb 202477 Days
43a, Broad Street, Bungay, Suffolk, NR35 1EF£138,000£138,000£0010 Oct 202321 Feb 2024134 Days
1 Millers Close, Bungay, Suffolk, NR35 1HJ£275,000£258,000-£17,00007 May 202302 Feb 2024271 Days
16 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ£270,000£270,000£0030 Jun 202308 Dec 2023161 Days
8 Mayfair Road, Bungay, Suffolk, NR35 1SA£325,000£323,000-£2,00002 Sep 202214 Nov 2023438 Days
42 Kings Road, Bungay, Suffolk, NR35 1RR£230,000£220,000-£10,00017 Aug 202310 Nov 202385 Days
18 Fairfield Road, Bungay, Suffolk, NR35 1RY£220,000£200,000-£20,00024 Jul 202325 Oct 202393 Days
24 Southend Road, Bungay, Suffolk, NR35 1DN£249,950£249,950£0011 Jul 202320 Oct 2023101 Days
8 Hillside Road East, Bungay, Suffolk, NR35 1JZ£395,000£395,000£0026 Jun 202320 Oct 2023116 Days
3 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ£210,000£200,000-£10,00017 Jul 202313 Oct 202388 Days
Granary House, Staithe Road, Bungay, Suffolk, NR35 1EU£485,000£472,000-£13,00017 May 202302 Oct 2023138 Days
86 Broad Street, Bungay, Suffolk, NR35 1EF£260,000£250,000-£10,00001 Apr 202327 Sep 2023179 Days
Little Shalom, Rose Lane, Bungay, Suffolk, NR35 1DQ£295,000£285,000-£10,00008 Mar 202206 Sep 2023547 Days
21 Flixton Road, Bungay, Suffolk, NR35 1HQ£310,000£295,000-£15,00023 Mar 202331 Aug 2023161 Days
4 Orchids Close, Bungay, Suffolk, NR35 1LL£325,000£320,000-£5,00014 Feb 202330 Aug 2023197 Days
4 Davey Close, Bungay, Suffolk, NR35 1LN£390,000£390,000£0024 May 202323 Aug 202391 Days
16 Chaucer Street, Bungay, Suffolk, NR35 1DT£225,000£208,000-£17,00007 Apr 202311 Aug 2023126 Days
24 Broad Street, Bungay, Suffolk, NR35 1EE£195,000£165,000-£30,00020 May 202301 Aug 202373 Days
59 Southend Road, Bungay, Suffolk, NR35 1DN£235,000£235,000£0005 Apr 202321 Jul 2023107 Days
2 Quaves Lane, Bungay, Suffolk, NR35 1DF£170,000£170,000£0018 Apr 202320 Jul 202393 Days

Most Expensive Streets in Bungay

PostcodeStreetAreaAverageNo. of Sales
NR35 1HTBeccles RoadBungay£476,6663
NR35 1JBBeccles RoadBungay£459,9833
NR35 1HQFlixton RoadBungay£414,1663
NR35 1PEWoodland DriveBungay£397,0005
NR35 2JQDitchingham DamDitchingham£387,5004
NR35 1PHSt Johns HillBungay£376,6663
NR35 1BEUpper Olland StreetBungay£361,2005
NR35 1BLLaburnum RoadBungay£346,6663
NR35 1DATurnstile LaneBungay£336,6663
NR35 1BHUpper Olland StreetBungay£321,1254

Least Expensive Streets in Bungay

PostcodeStreetAreaAverageNo. of Sales
NR35 1DBIngleton HousePriory Lane£117,1234
NR35 1HNReeves CloseBungay£138,6256
NR35 1EJThe MaltingsBungay£151,7857
NR35 1AEEarsham StreetBungay£158,3333
NR35 1EFBroad StreetBungay£176,2005
NR35 1JEGarden CloseBungay£180,1787
NR35 1LHWaveney RoadBungay£183,30010
NR35 1JDGarden CloseBungay£188,0004
NR35 1DXWebster StreetBungay£190,1254
NR35 1HLPilgrims WayBungay£191,7506

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