FERNWOOD, SKINNERS LANE, METFIELD, HARLESTON, IP20 0LH - £475,000

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

FERNWOOD is a midsized extended detached house of 140m², built sometime between 1967 and 1975. It was last sold for £475,000 in June 2022, which was around 12% above the average June 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

FERNWOOD Sold Prices

Land registry data shows three sales for FERNWOOD 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. One of the three FERNWOOD sales was for above the average price, whilst two 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
2022 1 JUN	£475,000	£425,738	12% above HPI
2021 15 JAN	£320,000	£396,014	19% below HPI
1999 7 JAN	£75,000	£100,825	26% below HPI

FERNWOOD 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 FERNWOOD sales between January 1999 and June 2022 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 January 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is FERNWOOD?

FERNWOOD is 140m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses in Metfield, based on EPC data. The below chart shows the distribution of detached houses by size in Metfield, and where FERNWOOD lies on this distribution: 43% of detached houses are smaller than FERNWOOD, and 57% of houses are larger. Note that EPC data is not available for all properties in Metfield.

FERNWOOD: Plot and Title Map

FERNWOOD sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of FERNWOOD, 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 FERNWOOD). 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 FERNWOOD?

FERNWOOD is located on SKINNERS LANE in METFIELD, in the IP20 postcode district. The below map shows the position of FERNWOOD on SKINNERS LANE.