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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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1, Oak Mews, Bungay appears in the public record as a freehold house sitting on a 420 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 1,421 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 1, Oak Mews, Bungay is £566,492 and its rental estimate is £1,718 per month, given the available information and assuming reasonable condition.
Oak Mews, Bungay, NR35 falls within the NR35 postal district, in the borough of East Suffolk.
1, Oak Mews, Bungay has 21 entries in the Land Registry , most recently in April 2008 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.
The local information is scored as 1 out of 5 and is considered of low accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Oak Mews, Bungay, we estimate a market value of £594,816 and a rental value of £1,804 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £526,837 and £1,597 per month respectively.
Over the last year, 1, Oak Mews, Bungay has seen its estimated sale value move down by £8,050 (1.4%) and its estimated rental value increase by £46 per month (2.7%). This results in an estimated gross rental yield of 3.6%.
HM Land Registry records the plot of land for 1, Oak Mews, Bungay as measuring 420 m2.
The most recent sale of 1, Oak Mews, Bungay completed on 24th April 2008 at £278,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 73.5% over the period since April 2008.
Over the past 2 years 3 properties similar to 1, Oak Mews, Bungay have sold within a radius of 840 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd October 2023, was Granary House, Staithe Road, Bungay, NR35 1EU, a freehold house which sold for £472,000.
Read more about house prices in NR35.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 2 addresses on Oak Mews, Bungay, NR35, 1, Oak Mews, Bungay comes out as the largest and the most expensive in our analysis of the public data.
It is also £261k more expensive than the average property across the NR35 district.
From 1, Oak Mews, Bungay, the nearest station is Beccles, 8.8 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Oak Mews, Bungay, 37.2% of property is privately rented and 29.1% is privately owned outright.
The graph below shows how this compares to East of England 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 1, Oak Mews, Bungay, 10.5% of residents are recorded as possessing school level qualifications and 25.2% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Oak Mews, Bungay, the average age was 47.4 and the most common age was 72.
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 1, Oak Mews, Bungay, 0.7% 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 1, Oak Mews, Bungay, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
