GREENWAYS, MEETING LANE, GRUNDISBURGH, WOODBRIDGE, IP13 6UB - £415,000

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

GREENWAYS is a midsized extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £415,000 in May 2020, which was around 19% above the average May 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

GREENWAYS Sold Prices

Land registry data shows three sales for GREENWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three GREENWAYS sales were for above the average price, whilst one was 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
2020 29 MAY	£415,000	£348,864	19% above HPI
2012 4 JAN	£185,000	£260,137	29% below HPI
1997 28 FEB	£80,000	£78,673	2% above HPI

GREENWAYS 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 three GREENWAYS sales between February 1997 and May 2020 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 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2020 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is GREENWAYS?

GREENWAYS is 116m², which includes three extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% of detached houses in Grundisburgh, based on EPC data. The below chart shows the distribution of detached houses by size in Grundisburgh, and where GREENWAYS lies on this distribution: 47% of detached houses are smaller than GREENWAYS, and 51% of houses are larger. Note that EPC data is not available for all properties in Grundisburgh.

GREENWAYS: Plot and Title Map

GREENWAYS sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of GREENWAYS, 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 GREENWAYS). 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 GREENWAYS?

GREENWAYS is located on MEETING LANE in GRUNDISBURGH, in the IP13 postcode district. The below map shows the position of GREENWAYS on MEETING LANE.