BISHOPS LODGE, BISHOPS WAY, STRADBROKE, EYE, IP21 5JR - £230,000

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

BISHOPS LODGE is a very small detached house of 78m². It was last sold for £230,000 in April 2016, which was around 30% below the average April 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2009, where the current energy rating was B, and the potential energy rating was B.

BISHOPS LODGE Sold Prices

Land registry data shows four sales for BISHOPS LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four BISHOPS LODGE 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
2016 14 APR	£230,000	£328,820	30% below HPI
2013 15 MAR	£190,000	£253,917	25% below HPI
2010 1 JUL	£232,500	£261,782	11% below HPI
2009 28 JUL	£210,000	£229,542	9% below HPI

BISHOPS LODGE 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 four BISHOPS LODGE sales between July 2009 and April 2016 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 March 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is BISHOPS LODGE?

BISHOPS LODGE is 78m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 20% of detached houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses by size in Stradbroke, and where BISHOPS LODGE lies on this distribution: 13% of detached houses are smaller than BISHOPS LODGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Stradbroke.

BISHOPS LODGE: Plot and Title Map

BISHOPS LODGE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of BISHOPS LODGE, 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 BISHOPS LODGE). 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 BISHOPS LODGE?

BISHOPS LODGE is located on BISHOPS WAY in STRADBROKE, in the IP21 postcode district. The below map shows the position of BISHOPS LODGE on BISHOPS WAY.