4, THE LANCERS, WOODBRIDGE, IP12 4TZ - £690,000

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

4 THE LANCERS is a large extended detached house of 158m², built sometime between 1983 and 1990. It was last sold for £690,000 in May 2023, which was around 66% above the average May 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

4 THE LANCERS Sold Prices

Land registry data shows four sales for 4 THE LANCERS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 4 THE LANCERS 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
2023 10 MAY	£690,000	£415,931	66% above HPI
2016 7 JUL	£462,000	£311,086	49% above HPI
2003 15 JUL	£280,000	£186,962	50% above HPI
2002 12 APR	£219,500	£147,343	49% above HPI

4 THE LANCERS 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 four 4 THE LANCERS sales between April 2002 and May 2023 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 2016 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the May 2023 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 4 THE LANCERS?

4 THE LANCERS is 158m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where 4 THE LANCERS lies on this distribution: 70% of detached houses are smaller than 4 THE LANCERS, and 30% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

4 THE LANCERS: Plot and Title Map

4 THE LANCERS sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of 4 THE LANCERS, 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 4 THE LANCERS). 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 4 THE LANCERS?

4 THE LANCERS is located in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of No. 4 on THE LANCERS.