FERNLEA, GISLINGHAM ROAD, FINNINGHAM, STOWMARKET, IP14 4HZ - £465,000

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.

FERNLEA is a midsized extended detached house of 155m², built sometime between 1983 and 1990, which could now be worth an estimated £500,805. It was last sold for £465,000 in November 2021, which was around 10% above the average November 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

FERNLEA Sold Prices

Land registry data shows two sales for FERNLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two FERNLEA 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
2021 12 NOV	£465,000	£423,238	10% above HPI
2001 11 JUL	£180,000	£139,744	29% above HPI

FERNLEA 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 two FERNLEA sales from July 2001 and November 2021 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 July 2001 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the November 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might FERNLEA be worth now?

FERNLEA might now be worth an estimated £500,805.

This is based on house price inflation of 7.7%, between November 2021 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 7.7% inflationary increase is applied to the most recent sale price for FERNLEA of £465,000 on 12th November 2021. For the value to have increased from £465,000 to £500,805 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of FERNLEA has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2021 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA has not materially changed since November 2021.

How Large is FERNLEA?

FERNLEA is 155m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% of detached houses houses in Finningham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Finningham, and where FERNLEA lies on this distribution: 44% of detached houses houses are smaller than FERNLEA, and 56% of houses are larger. Note that EPC data is not available for all properties in Finningham.

FERNLEA: Plot and Title Map

FERNLEA sits on a plot of roughly 0.208 of an acre, or 841m². The below map shows the location of FERNLEA, 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 FERNLEA). 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 FERNLEA?

FERNLEA is located on GISLINGHAM ROAD in FINNINGHAM, in the IP14 postcode district. The below map shows the position of FERNLEA on GISLINGHAM ROAD.