FAIR VIEW, CHAPEL LANE, WICKHAM MARKET, WOODBRIDGE, IP13 0SD - £373,000

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

FAIR VIEW is a very large detached house of 159m², built sometime between 1976 and 1982. It was last sold for £373,000 in May 2016, which was around 21% above the average May 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

FAIR VIEW Sold Prices

Land registry data shows two sales for FAIR VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two FAIR VIEW 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
2016 4 MAY	£373,000	£307,292	21% above HPI
1995 16 JUN	£115,000	£75,260	53% above HPI

FAIR VIEW 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 two FAIR VIEW sales from June 1995 and May 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 June 1995 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the May 2016 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is FAIR VIEW?

FAIR VIEW is 159m² according to the EPC inspection conducted in July 2015. This puts it in the largest 20% of detached houses in Wickham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Wickham Market, and where FAIR VIEW lies on this distribution: 84% of detached houses are smaller than FAIR VIEW, and 16% of houses are larger. Note that EPC data is not available for all properties in Wickham Market.

FAIR VIEW: Plot and Title Map

FAIR VIEW sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of FAIR VIEW, 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 FAIR VIEW). 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 FAIR VIEW?

FAIR VIEW is located on CHAPEL LANE in WICKHAM MARKET, in the IP13 postcode district. The below map shows the position of FAIR VIEW on CHAPEL LANE.