MERRY OAK, 53, WANGFORD ROAD, REYDON, SOUTHWOLD, IP18 6QA - £200,000

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

MERRY OAK is a very small detached house of 39m², built sometime between 1930 and 1949. It was last sold for £200,000 in April 2017, which was around 40% below the average April 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

MERRY OAK Sold Prices

Land registry data shows three sales for MERRY OAK 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. All of the three MERRY OAK 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
2017 10 APR	£200,000	£334,723	40% below HPI
2010 5 NOV	£165,000	£255,462	35% below HPI
2005 9 NOV	£133,000	£226,655	41% below HPI

MERRY OAK 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 MERRY OAK sales between November 2005 and April 2017 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 November 2010 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is MERRY OAK?

MERRY OAK is 39m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses by size in Reydon, and where MERRY OAK lies on this distribution: Less than 1% of detached houses are smaller than MERRY OAK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Reydon.

MERRY OAK: Plot and Title Map

MERRY OAK sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of MERRY OAK, 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 MERRY OAK). 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 MERRY OAK?

MERRY OAK is located on WANGFORD ROAD in REYDON, in the IP18 postcode district. The below map shows the position of MERRY OAK on WANGFORD ROAD.