2, SPRING LANE, WICKHAM MARKET, WOODBRIDGE, IP13 0SP - £450,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 SPRING LANE is a midsized extended detached house of 130m², built sometime between 2003 and 2006. It was last sold for £450,000 in September 2021, which was around 19% above the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

2 SPRING LANE Sold Prices

Land registry data shows two sales for 2 SPRING 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 2 SPRING 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
2021 20 SEP	£450,000	£378,972	19% above HPI
2006 2 AUG	£310,000	£235,518	32% above HPI

2 SPRING 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 2 SPRING LANE sales from August 2006 and September 2021 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 August 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the September 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 2 SPRING LANE?

2 SPRING LANE is 130m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 40% of detached houses in Wickham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Wickham Market, and where 2 SPRING LANE lies on this distribution: 60% of detached houses are smaller than 2 SPRING LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Wickham Market.

2 SPRING LANE: Plot and Title Map

2 SPRING LANE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 2 SPRING 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 2 SPRING 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 2 SPRING LANE?

2 SPRING LANE is located in WICKHAM MARKET, in the IP13 postcode district. The below map shows the position of No. 2 on SPRING LANE.