20, PRENTICES LANE, WOODBRIDGE, IP12 4LF - £425,000

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

20 PRENTICES LANE is a midsized extended detached house of 122m², built sometime between 2003 and 2006. It was last sold for £425,000 in September 2021, which was around 12% 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 C.

20 PRENTICES LANE Sold Prices

Land registry data shows three sales for 20 PRENTICES LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 20 PRENTICES LANE sales were for above the average price, whilst one was for below 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 22 SEP	£425,000	£378,972	12% above HPI
2008 9 JAN	£340,600	£261,979	30% above HPI
2007 22 FEB	£108,000	£243,229	56% below HPI

20 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 three 20 PRENTICES LANE sales between February 2007 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 January 2008 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the September 2021 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 20 PRENTICES LANE?

20 PRENTICES LANE is 122m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where 20 PRENTICES LANE lies on this distribution: 43% of detached houses are smaller than 20 PRENTICES LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

20 PRENTICES LANE: Plot and Title Map

20 PRENTICES LANE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 20 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 20 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 20 PRENTICES LANE?

20 PRENTICES LANE is located in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of No. 20 on PRENTICES LANE.