FAIRWAYS, SUMMER LANE, BROMESWELL, WOODBRIDGE, IP12 2QA - £335,000

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 midsized extended detached house of 157m², built sometime between 1900 and 1929, which could now be worth an estimated £416,759. It was last sold for £335,000 in May 2019, which was around 1% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS 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
2019 8 MAY	£335,000	£340,054	1% below HPI
2018 27 JUN	£335,000	£350,527	4% below HPI

FAIRWAYS 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 FAIRWAYS sales from June 2018 and May 2019 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 2018 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £416,759.

This is based on house price inflation of 24.4%, between May 2019 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 24.4% inflationary increase is applied to the most recent sale price for FAIRWAYS of £335,000 on 8th May 2019. For the value to have increased from £335,000 to £416,759 over the six years and three months 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 East Suffolk local authority area.
• The May 2019 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since May 2019.

How Large is FAIRWAYS?

FAIRWAYS is 157m², which includes three extensions, according to the EPC inspection conducted in January 2022. This puts it in the smallest 50% of detached houses houses in Bromeswell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromeswell, and where FAIRWAYS lies on this distribution: 42% of detached houses houses are smaller than FAIRWAYS, and 58% of houses are larger. Note that EPC data is not available for all properties in Bromeswell.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.363 of an acre, or 1,467m². 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 SUMMER LANE in BROMESWELL, in the IP12 postcode district. The below map shows the position of FAIRWAYS on SUMMER LANE.