HOMELEA, NEW STREET, FRAMLINGHAM, WOODBRIDGE, IP13 9RF - £320,000

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

HOMELEA is a very large extended detached house of 159m², built sometime before 1900. It was last sold for £320,000 in October 2019, which was around 8% below the average October 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

HOMELEA Sold Prices

Land registry data shows two sales for HOMELEA 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 HOMELEA 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
2019 18 OCT	£320,000	£349,022	8% below HPI
1997 18 JUL	£127,000	£82,831	53% above HPI

HOMELEA 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 HOMELEA sales from July 1997 and October 2019 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 1997 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the October 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is HOMELEA?

HOMELEA is 159m², which includes two extensions, according to the EPC inspection conducted in May 2024. This puts it in the largest 20% of detached houses in Framlingham, based on EPC data. The below chart shows the distribution of detached houses by size in Framlingham, and where HOMELEA lies on this distribution: 86% of detached houses are smaller than HOMELEA, and 14% of houses are larger. Note that EPC data is not available for all properties in Framlingham.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.226 of an acre, or 915m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located on NEW STREET in FRAMLINGHAM, in the IP13 postcode district. The below map shows the position of HOMELEA on NEW STREET.