MAY CORNER, STATION ROAD, FRAMLINGHAM, WOODBRIDGE, IP13 9LJ - £500,000

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.

MAY CORNER is a very large extended detached house of 189m², built sometime between 1950 and 1966, which could now be worth an estimated £515,155. It was last sold for £500,000 in March 2022, which was around 21% above the average March 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

MAY CORNER Sold Prices

Land registry data shows three sales for MAY CORNER 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 MAY CORNER 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
2022 17 MAR	£500,000	£411,700	21% above HPI
2014 31 JAN	£250,000	£262,078	5% below HPI
1999 28 MAY	£137,500	£92,009	49% above HPI

MAY CORNER 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 MAY CORNER sales between May 1999 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 January 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2022 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might MAY CORNER be worth now?

MAY CORNER might now be worth an estimated £515,155.

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 MAY CORNER of £500,000 on 17th March 2022. For the value to have increased from £500,000 to £515,155 over the three years to March 2025, the following assumptions must hold true:

• The value of MAY CORNER has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of MAY CORNER has not materially changed since March 2022.

How Large is MAY CORNER?

MAY CORNER is 189m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses houses in Framlingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Framlingham, and where MAY CORNER lies on this distribution: 93% of detached houses houses are smaller than MAY CORNER, and 7% of houses are larger. Note that EPC data is not available for all properties in Framlingham.

MAY CORNER: Plot and Title Map

MAY CORNER sits on a plot of roughly 0.498 of an acre, or 2,015m². The below map shows the location of MAY CORNER, 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 MAY CORNER). 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 MAY CORNER?

MAY CORNER is located on STATION ROAD in FRAMLINGHAM, in the IP13 postcode district. The below map shows the position of MAY CORNER on STATION ROAD.