1, PRENTICES LANE, WOODBRIDGE, IP12 4LF - £365,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PRENTICES LANE is a very large extended detached house of 184m², built sometime between 1967 and 1975. It was last sold for £365,000 in June 2016, which was around 19% above the average June 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was D.

1 PRENTICES LANE Sold Prices

Land registry data shows two sales for 1 PRENTICES LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 1 PRENTICES LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 16 JUN	£365,000	£306,179	19% above HPI
1997 21 JUL	£113,000	£82,831	36% above HPI

1 PRENTICES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 1 PRENTICES LANE sales from July 1997 and June 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1997 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2016 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 1 PRENTICES LANE?

1 PRENTICES LANE is 184m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where 1 PRENTICES LANE lies on this distribution: 81% of detached houses are smaller than 1 PRENTICES LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

1 PRENTICES LANE: Plot and Title Map

1 PRENTICES LANE sits on a plot of roughly 0.344 of an acre, or 1,394m². The below map shows the location of 1 PRENTICES LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 PRENTICES LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 PRENTICES LANE?

1 PRENTICES LANE is located in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of No. 1 on PRENTICES LANE.