8, Drapers Hill
8, Drapers Hill
Description & Estimates
8, Drapers Hill, Eye is recorded publicly as a modern freehold house across 635 ft2 of internal area, sitting on a 339 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Drapers Hill, Eye is £257,569 and its rental estimate is £1,082 per month, given the available information and assuming reasonable condition.
Drapers Hill, Stradbroke, Eye, IP21 falls within the IP21 postal district, in the borough of Mid Suffolk.
Our Data Sources
8, Drapers Hill, Eye has 21 entries in the Land Registry , most recently in May 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 8, Drapers Hill, Eye, we estimate a market value of £270,447 and a rental value of £1,136 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £239,539 and £1,007 per month respectively.
Recent Market Change
Over the last year, 8, Drapers Hill, Eye has seen its estimated sale value move down by £5,971 (2.3%) and its estimated rental value increase by £27 per month (2.5%). This results in an estimated gross rental yield of 5.0%.
Plot Size
HM Land Registry records the plot of land for 8, Drapers Hill, Eye as measuring 339 m2.
That makes it the 8th largest plot in the postcode, where 20 of the 21 other houses have recorded plot data.
Energy Efficiency
8, Drapers Hill, Eye has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Sep 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters, Room heaters, electric.
Sold Prices
The most recent sale of 8, Drapers Hill, Eye completed on 6th May 2022 at £295,000 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 6.1% over the period since May 2022.
- Sold May 2022£295,000
- Sold Jun 2000£77,400
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Drapers Hill, Eye have sold within a radius of 5.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th March 2021, was Meadow Cottage, Street Farm, Laxfield Road, Eye, IP21 5HX, a freehold house which sold for £160,000.
Read more about house prices in IP21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 21 addresses on Drapers Hill, Stradbroke, Eye, IP21, 8, Drapers Hill, Eye comes out as the 19th largest and the 19th most expensive in our analysis of the public data.
It is also £109k less expensive than the average property across the IP21 district.
More reading links
Schools Nearby
- 300mStradbroke Church of England Primary School
- 2.3kmWilby Church of England Primary School
- 4.0kmFressingfield Church of England Primary School
- 600mStradbroke High School
- 9.5kmHartismere School
- 10.8kmThomas Mills High School & Sixth Form
More reading links
Public Transport Nearby
From 8, Drapers Hill, Eye, the nearest station is Diss, 12.0 kilometres away.
- 12.0kmDiss
- 15.8kmHalesworth
- 17.6kmDarsham
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.
