GROVE HOUSE, QUEENS ROAD, REYDON, SOUTHWOLD, IP18 6QH - £275,000

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.

GROVE HOUSE is a very large detached house of 145m², which could now be worth an estimated £283,335. It was last sold for £275,000 in March 2022, which was around 33% below the average March 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2013, where the current energy rating was B, and the potential energy rating was B.

GROVE HOUSE Sold Prices

Land registry data shows two sales for GROVE HOUSE 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. One of the two GROVE HOUSE sales was for below the average price, whilst the other was 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
2022 9 MAR	£275,000	£411,700	33% below HPI
2014 12 AUG	£375,000	£276,846	35% above HPI

GROVE HOUSE 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 GROVE HOUSE sales from August 2014 and March 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 August 2014 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the March 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might GROVE HOUSE be worth now?

GROVE HOUSE might now be worth an estimated £283,335.

This is based on house price inflation of 3%, between March 2022 and March 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 3% inflationary increase is applied to the most recent sale price for GROVE HOUSE of £275,000 on 9th March 2022. For the value to have increased from £275,000 to £283,335 over the three years to March 2025, the following assumptions must hold true:

• The value of GROVE HOUSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of GROVE HOUSE has not materially changed since March 2022.

How Large is GROVE HOUSE?

GROVE HOUSE is 145m² according to the EPC inspection conducted in January 2013. This puts it in the largest 20% of detached houses houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reydon, and where GROVE HOUSE lies on this distribution: 83% of detached houses houses are smaller than GROVE HOUSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Reydon.

GROVE HOUSE: Plot and Title Map

GROVE HOUSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of GROVE HOUSE, 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 GROVE HOUSE). 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 GROVE HOUSE?

GROVE HOUSE is located on QUEENS ROAD in REYDON, in the IP18 postcode district. The below map shows the position of GROVE HOUSE on QUEENS ROAD.