28, PARKWAY, WICKHAM MARKET, WOODBRIDGE, IP13 0SS - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

28 PARKWAY is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £276,886. It was last sold for £240,000 in November 2018, which was around 33% below the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

28 PARKWAY Sold Prices

Land registry data shows three sales for 28 PARKWAY 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. All of the three 28 PARKWAY sales were 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
2018 29 NOV	£240,000	£357,883	33% below HPI
2012 28 SEP	£185,000	£251,328	26% below HPI
2012 26 JAN	£160,000	£260,177	39% below HPI

28 PARKWAY 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 28 PARKWAY sales between January 2012 and November 2018 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 September 2012 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 28 PARKWAY be worth now?

28 PARKWAY might now be worth an estimated £276,886.

This is based on house price inflation of 15.4%, between November 2018 and December 2024, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.4% inflationary increase is applied to the most recent sale price for 28 PARKWAY of £240,000 on 29th November 2018. For the value to have increased from £240,000 to £276,886 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of 28 PARKWAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 28 PARKWAY has not materially changed since November 2018.

How Large is 28 PARKWAY?

28 PARKWAY is 87m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 30% of detached houses houses in Wickham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wickham Market, and where 28 PARKWAY lies on this distribution: 21% of detached houses houses are smaller than 28 PARKWAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Wickham Market.

28 PARKWAY: Plot and Title Map

28 PARKWAY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 28 PARKWAY, 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 28 PARKWAY). 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 28 PARKWAY?

28 PARKWAY is located in WICKHAM MARKET, in the IP13 postcode district. The below map shows the position of No. 28 on PARKWAY.