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Bungay House Prices

The average house price in Bungay is £224,125 using HM Land Registry data.

The average property price increased by £79,377 (36.12%) over the last 5 years and increased by £15,868 (5.6%) over the last 12 months.

Over the last year, there were 77 residential property sales – an increase of 9 transactions (11.69%) relative to the previous year. The majority of house sales (20) were in the £224,000 - £268,000 range. Then came properties in the £180,000 - £224,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 49 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,029 (-3%).

In Oct 24, there were 12 new estate agency instructions, 16 agreed home sales and 11 property price reductions.

5-Year Average Property Prices in Bungay

36.12%

Property prices in Bungay increased by 36.12% 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

5.6%

Property prices in Bungay increased by 5.6% 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.

Property Market Heat Gauge for Bungay - Oct 24

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
24 Hillside Road East, Bungay, Suffolk, NR35 1JZ	£280,000	£270,000	-£10,000	13 Jan 2024	20 May 2024	128 Days
37 Beccles Road, Bungay, Suffolk, NR35 1HT	£400,000	£390,000	-£10,000	09 Feb 2024	10 May 2024	91 Days
35 Southend Road, Bungay, Suffolk, NR35 1DN	£230,000	£223,000	-£7,000	14 Nov 2023	19 Apr 2024	157 Days
4 Princes Road, Bungay, Suffolk, NR35 1RS	£230,000	£230,000	£00	11 Mar 2023	19 Apr 2024	405 Days
22 Garden Close, Bungay, Suffolk, NR35 1JD	£225,000	£225,000	£00	25 Oct 2023	15 Mar 2024	142 Days
71 Mountbatten Road, Bungay, Suffolk, NR35 1PP	£180,000	£170,000	-£10,000	31 Oct 2023	14 Mar 2024	135 Days
60 Waveney Road, Bungay, Suffolk, NR35 1LJ	£220,000	£213,500	-£6,500	17 Mar 2023	04 Mar 2024	353 Days
10 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ	£230,000	£207,000	-£23,000	27 Jan 2023	29 Feb 2024	398 Days
15 Fairfield Road, Bungay, Suffolk, NR35 1RY	£285,000	£271,000	-£14,000	11 Dec 2023	26 Feb 2024	77 Days
29 Wherry Road, Bungay, Suffolk, NR35 1LG	£275,000	£265,000	-£10,000	12 Oct 2023	26 Feb 2024	137 Days
79 Garden Close, Bungay, Suffolk, NR35 1JE	£210,000	£207,000	-£3,000	26 Dec 2023	23 Feb 2024	59 Days
43a, Broad Street, Bungay, Suffolk, NR35 1EF	£138,000	£138,000	£00	10 Oct 2023	21 Feb 2024	134 Days
1 Millers Close, Bungay, Suffolk, NR35 1HJ	£275,000	£258,000	-£17,000	07 May 2023	02 Feb 2024	271 Days
58 Lower Olland Street, Bungay, Suffolk, NR35 1BX	£295,000	£267,000	-£28,000	18 May 2023	02 Feb 2024	260 Days
22 St Johns Road, Bungay, Suffolk, NR35 1DL	£260,000	£225,000	-£35,000	17 Jul 2023	26 Jan 2024	193 Days
16 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ	£270,000	£270,000	£00	30 Jun 2023	08 Dec 2023	161 Days
8 Mayfair Road, Bungay, Suffolk, NR35 1SA	£325,000	£323,000	-£2,000	02 Sep 2022	14 Nov 2023	438 Days
42 Kings Road, Bungay, Suffolk, NR35 1RR	£230,000	£220,000	-£10,000	17 Aug 2023	10 Nov 2023	85 Days
18 Fairfield Road, Bungay, Suffolk, NR35 1RY	£220,000	£200,000	-£20,000	24 Jul 2023	25 Oct 2023	93 Days
24 Southend Road, Bungay, Suffolk, NR35 1DN	£249,950	£249,950	£00	11 Jul 2023	20 Oct 2023	101 Days

Most Expensive Streets in Bungay

Postcode	Street	Area	Average	No. of Sales
NR35 1JB	Beccles Road	Bungay	£459,983	3
NR35 1HT	Beccles Road	Bungay	£455,000	4
NR35 1HQ	Flixton Road	Bungay	£414,166	3
NR35 1PE	Woodland Drive	Bungay	£397,000	5
NR35 2JQ	Ditchingham Dam	Ditchingham	£387,500	4
NR35 1BH	Upper Olland Street	Bungay	£366,166	3
NR35 1BE	Upper Olland Street	Bungay	£361,200	5
NR35 1BL	Laburnum Road	Bungay	£346,666	3
NR35 1DA	Turnstile Lane	Bungay	£336,666	3
NR35 1FB	Bedingfield Road	Bungay	£333,076	13

Least Expensive Streets in Bungay

Postcode	Street	Area	Average	No. of Sales
NR35 1DB	Ingleton House	Priory Lane	£127,831	3
NR35 1EJ	The Maltings	Bungay	£151,785	7
NR35 1HN	Reeves Close	Bungay	£170,291	6
NR35 1EF	Broad Street	Bungay	£176,200	5
NR35 1LH	Waveney Road	Bungay	£183,300	10
NR35 1JE	Garden Close	Bungay	£183,531	8
NR35 1JD	Garden Close	Bungay	£195,400	5
NR35 1RE	Jubilee Road	Bungay	£196,000	5
NR35 1HL	Pilgrims Way	Bungay	£196,100	5
NR35 1DX	Webster Street	Bungay	£199,833	3