OLD SCHOOL, FARNHAM ROAD, SNAPE, SAXMUNDHAM, IP17 1QW - £325,000

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.

OLD SCHOOL is a small extended semi-detached house of 111m², built sometime before 1900, which could now be worth an estimated £373,667. It was last sold for £325,000 in December 2020, which was around 34% above the average December 2020 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2016, where the current energy rating was F, and the potential energy rating was A.

OLD SCHOOL Sold Prices

Land registry data shows three sales for OLD SCHOOL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. All of the three OLD SCHOOL 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
2020 18 DEC	£325,000	£242,706	34% above HPI
1999 6 JUL	£86,000	£59,105	46% above HPI
1996 27 SEP	£65,000	£46,671	39% above HPI

OLD SCHOOL Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three OLD SCHOOL sales between September 1996 and December 2020 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 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the December 2020 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might OLD SCHOOL be worth now?

OLD SCHOOL might now be worth an estimated £373,667.

This is based on house price inflation of 15%, between December 2020 and February 2025, for semi-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 15% inflationary increase is applied to the most recent sale price for OLD SCHOOL of £325,000 on 18th December 2020. For the value to have increased from £325,000 to £373,667 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of OLD SCHOOL has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The December 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of OLD SCHOOL has not materially changed since December 2020.

How Large is OLD SCHOOL?

OLD SCHOOL is 111m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of semi-detached houses houses in Snape, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Snape, and where OLD SCHOOL lies on this distribution: 28% of semi-detached houses houses are smaller than OLD SCHOOL, and 72% of houses are larger. Note that EPC data is not available for all properties in Snape.

OLD SCHOOL: Plot and Title Map

OLD SCHOOL sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of OLD SCHOOL, 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 OLD SCHOOL). 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 OLD SCHOOL?

OLD SCHOOL is located on FARNHAM ROAD in SNAPE, in the IP17 postcode district. The below map shows the position of OLD SCHOOL on FARNHAM ROAD.