5, PRENTICES LANE, WOODBRIDGE, IP12 4LF - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 PRENTICES LANE is a large extended detached house of 146m², built sometime between 1950 and 1966, which could now be worth an estimated £473,708. It was last sold for £310,000 in August 2014, which was around 12% above the average August 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

5 PRENTICES LANE Sold Prices

Land registry data shows four sales for 5 PRENTICES LANE 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. Most of the four 5 PRENTICES LANE 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
2014 29 AUG	£310,000	£276,846	12% above HPI
2000 20 OCT	£88,000	£117,582	25% below HPI
1998 4 DEC	£68,750	£91,075	25% below HPI
1996 24 JUN	£45,500	£73,919	38% below HPI

5 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 four 5 PRENTICES LANE sales between June 1996 and August 2014 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 October 2000 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2014 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 5 PRENTICES LANE be worth now?

5 PRENTICES LANE might now be worth an estimated £473,708.

This is based on house price inflation of 52.8%, between August 2014 and February 2025, 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 52.8% inflationary increase is applied to the most recent sale price for 5 PRENTICES LANE of £310,000 on 29th August 2014. For the value to have increased from £310,000 to £473,708 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 5 PRENTICES LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2014 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PRENTICES LANE has not materially changed since August 2014.

How Large is 5 PRENTICES LANE?

5 PRENTICES LANE is 146m², which includes two extensions, according to the EPC inspection conducted in September 2013. This puts it in the largest 40% of detached houses houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodbridge, and where 5 PRENTICES LANE lies on this distribution: 62% of detached houses houses are smaller than 5 PRENTICES LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

5 PRENTICES LANE: Plot and Title Map

5 PRENTICES LANE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 5 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 5 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 5 PRENTICES LANE?

5 PRENTICES LANE is located in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of No. 5 on PRENTICES LANE.