OAK HOUSE, MILL STREET, GISLINGHAM, EYE, IP23 8JT - £675,000

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

OAK HOUSE is a large detached house of 186m², built sometime before 1900. It was last sold for £675,000 in May 2021, which was around 77% above the average May 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2009, where the current energy rating was G, and the potential energy rating was F.

OAK HOUSE Sold Prices

Land registry data shows two sales for OAK HOUSE 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 OAK HOUSE 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
2021 21 MAY	£675,000	£380,697	77% above HPI
2009 3 SEP	£380,000	£241,871	57% above HPI

OAK HOUSE 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 OAK HOUSE sales from September 2009 and May 2021 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 September 2009 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the May 2021 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is OAK HOUSE?

OAK HOUSE is 186m² according to the EPC inspection conducted in March 2009. This puts it in the largest 30% of detached houses in Gislingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gislingham, and where OAK HOUSE lies on this distribution: 78% of detached houses are smaller than OAK HOUSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Gislingham.

OAK HOUSE: Plot and Title Map

OAK HOUSE sits on a plot of roughly 0.622 of an acre, or 2,518m². The below map shows the location of OAK HOUSE, 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 OAK HOUSE). 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 OAK HOUSE?

OAK HOUSE is located on MILL STREET in GISLINGHAM, in the IP23 postcode district. The below map shows the position of OAK HOUSE on MILL STREET.