OLD SCHOOL HOUSE, THE STREET, WESTLETON, SAXMUNDHAM, IP17 3AD - £490,000

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

OLD SCHOOL HOUSE is a large extended detached house of 146m², built sometime before 1900. It was last sold for £490,000 in July 2012, which was around 96% above the average July 2012 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL 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 East Suffolk local authority area for the corresponding sale date. Both of the two OLD SCHOOL 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
2012 6 JUL	£490,000	£250,587	96% above HPI
2004 16 JAN	£380,000	£201,094	89% above HPI

OLD SCHOOL HOUSE 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 OLD SCHOOL HOUSE sales from January 2004 and July 2012 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 2004 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the July 2012 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 146m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the largest 40% of detached houses in Westleton, based on EPC data. The below chart shows the distribution of detached houses by size in Westleton, and where OLD SCHOOL HOUSE lies on this distribution: 62% of detached houses are smaller than OLD SCHOOL HOUSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Westleton.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.217 of an acre, or 878m². The below map shows the location of OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on THE STREET in WESTLETON, in the IP17 postcode district. The below map shows the position of OLD SCHOOL HOUSE on THE STREET.