HEMP BARN, VICARAGE ROAD, LAXFIELD, WOODBRIDGE, IP13 8DT - £715,000

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

HEMP BARN is a large extended detached house of 151m², built sometime between 1983 and 1990. It was last sold for £715,000 in November 2023, which was around 69% above the average November 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was A.

HEMP BARN Sold Prices

Land registry data shows two sales for HEMP BARN 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 HEMP BARN 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
2023 1 NOV	£715,000	£422,466	69% above HPI
1997 4 MAR	£147,500	£83,219	77% above HPI

HEMP BARN 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 HEMP BARN sales from March 1997 and November 2023 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 March 1997 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the November 2023 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is HEMP BARN?

HEMP BARN is 151m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 30% of detached houses in Laxfield, based on EPC data. The below chart shows the distribution of detached houses by size in Laxfield, and where HEMP BARN lies on this distribution: 74% of detached houses are smaller than HEMP BARN, and 26% of houses are larger. Note that EPC data is not available for all properties in Laxfield.

HEMP BARN: Plot and Title Map

HEMP BARN sits on a plot of roughly 0.760 of an acre, or 3,076m². The below map shows the location of HEMP BARN, 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 HEMP BARN). 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 HEMP BARN?

HEMP BARN is located on VICARAGE ROAD in LAXFIELD, in the IP13 postcode district. The below map shows the position of HEMP BARN on VICARAGE ROAD.