2, THE ORCHARD, WETHERDEN, STOWMARKET, IP14 3GL - £625,000

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

2 THE ORCHARD is a large detached house of 162m², built sometime between 1996 and 2002. It was last sold for £625,000 in August 2022, which was around 46% above the average August 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

2 THE ORCHARD Sold Prices

Land registry data shows three sales for 2 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 2 THE ORCHARD 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
2022 17 AUG	£625,000	£427,520	46% above HPI
2018 27 APR	£470,000	£365,994	28% above HPI
2000 19 APR	£195,000	£118,591	64% above HPI

2 THE ORCHARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 2 THE ORCHARD sales between April 2000 and August 2022 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 April 2018 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2022 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 2 THE ORCHARD?

2 THE ORCHARD is 162m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Wetherden, based on EPC data. The below chart shows the distribution of detached houses by size in Wetherden, and where 2 THE ORCHARD lies on this distribution: 72% of detached houses are smaller than 2 THE ORCHARD, and 26% of houses are larger. Note that EPC data is not available for all properties in Wetherden.

2 THE ORCHARD: Plot and Title Map

2 THE ORCHARD sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 2 THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

2 THE ORCHARD is located in WETHERDEN, in the IP14 postcode district. The below map shows the position of No. 2 on THE ORCHARD.