FAIRWAYS, NEW STREET, STRADBROKE, EYE, IP21 5JJ - £375,000

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.

FAIRWAYS is a large extended detached house of 140m², built sometime between 1930 and 1949, which could now be worth an estimated £454,580. It was last sold for £375,000 in March 2018, which was about the average March 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows three sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. The three FAIRWAYS sales were a mix of roughly equal to the average price, and 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 6 MAR	£375,000	£376,029	Close to HPI
2005 1 DEC	£170,000	£241,145	30% below HPI
1998 27 FEB	£73,000	£94,766	23% below HPI

FAIRWAYS 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 three FAIRWAYS sales between February 1998 and March 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 December 2005 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £454,580.

This is based on house price inflation of 21.2%, between March 2018 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.2% inflationary increase is applied to the most recent sale price for FAIRWAYS of £375,000 on 6th March 2018. For the value to have increased from £375,000 to £454,580 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The March 2018 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since March 2018.

How Large is FAIRWAYS?

FAIRWAYS is 140m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the largest 40% of detached houses houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stradbroke, and where FAIRWAYS lies on this distribution: 64% of detached houses houses are smaller than FAIRWAYS, and 34% of houses are larger. Note that EPC data is not available for all properties in Stradbroke.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on NEW STREET in STRADBROKE, in the IP21 postcode district. The below map shows the position of FAIRWAYS on NEW STREET.