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

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.

FERNWOOD is a midsized extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £496,866. It was last sold for £475,000 in June 2022, which was around 9% 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	£435,767	9% above HPI
2021 15 JAN	£320,000	£405,343	21% below HPI
1999 7 JAN	£75,000	£103,200	27% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might FERNWOOD be worth now?

FERNWOOD might now be worth an estimated £496,866.

This is based on house price inflation of 4.6%, between June 2022 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 4.6% inflationary increase is applied to the most recent sale price for FERNWOOD of £475,000 on 1st June 2022. For the value to have increased from £475,000 to £496,866 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of FERNWOOD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The June 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of FERNWOOD has not materially changed since June 2022.

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 houses in Metfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Metfield, and where FERNWOOD lies on this distribution: 43% of detached houses 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.