2, Upper Olland Street
2, Upper Olland Street
Description & Estimates
2, Upper Olland Street, Bungay appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 292 ft2 of internal area and a garden.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 2, Upper Olland Street, Bungay is £100,540 and its rental estimate is £555 per month, given the available information and assuming reasonable condition.
2, Upper Olland Street is a residential building on Upper Olland Street, Bungay, NR35 and falls within the NR35 postal district and the borough of East Suffolk.
Our Data Sources
2, Upper Olland Street, 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.
Price Range & Condition
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 2, Upper Olland Street, Bungay, we estimate a market value of £105,567 and a rental value of £583 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £93,502 and £516 per month respectively.
Recent Market Change
Over the last year, 2, Upper Olland Street, Bungay has seen its estimated sale value decline by £388 (0.4%) and its estimated rental value climb by £20 per month (3.7%). This results in an estimated gross rental yield of 6.6%.
Sold Prices
The most recent sale of 2, Upper Olland Street, Bungay completed on 2nd April 2008 at £55,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 16.8% over the period since April 2008.
- Sold Apr 2008£55,000
- Sold Sep 2002£80,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 2, Upper Olland Street, Bungay has sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th March 2021, was Apartment 3, Ingleton House, Priory Lane, Bungay, NR35 1DB, a leasehold flat which sold for £83,500.
Read more about house prices in NR35.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 60 addresses on Upper Olland Street, Bungay, NR35, 2, Upper Olland Street, Bungay comes out as the 60th largest and the 59th most expensive in our analysis of the public data.
It is also £205k less expensive than the average property across the NR35 district.
More reading links
Schools Nearby
- 100mSt Edmund's Catholic Primary School
- 300mBungay Primary School
- 1.2kmEarsham Church of England Primary Academy
- 1.0kmBungay High School
- 8.1kmSir John Leman High School
- 9.1kmHobart High School
More reading links
Public Transport Nearby
From 2, Upper Olland Street, Bungay, the nearest station is Beccles, 8.9 kilometres away.
- 8.9kmBeccles
- 9.7kmBrampton (Suffolk)
- 12.8kmHalesworth
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
