HIGH BANK, SUMMER LANE, BROMESWELL, WOODBRIDGE, IP12 2QA - £35,000

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

HIGH BANK is a very small extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £35,000 in October 2002, which was around 80% below the average October 2002 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was F, and the potential energy rating was C.

HIGH BANK Sold Prices

Land registry data shows two sales for HIGH BANK 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. Both of the two HIGH BANK sales 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
2002 25 OCT	£35,000	£171,230	80% below HPI
1999 1 JUL	£84,500	£96,527	12% below HPI

HIGH BANK 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 HIGH BANK sales from July 1999 and October 2002 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 July 1999 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2002 sale, where it falls to 80% below the HPI. The line then continues to track at 80% below the HPI.

How Large is HIGH BANK?

HIGH BANK is 107m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses in Bromeswell, based on EPC data. The below chart shows the distribution of detached houses by size in Bromeswell, and where HIGH BANK lies on this distribution: 16% of detached houses are smaller than HIGH BANK, and 84% of houses are larger. Note that EPC data is not available for all properties in Bromeswell.

HIGH BANK: Plot and Title Map

HIGH BANK sits on a plot of roughly 0.215 of an acre, or 869m². The below map shows the location of HIGH BANK, 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 HIGH BANK). 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 HIGH BANK?

HIGH BANK is located on SUMMER LANE in BROMESWELL, in the IP12 postcode district. The below map shows the position of HIGH BANK on SUMMER LANE.