PILGRIMS WAY, MAIN ROAD, MARTLESHAM, WOODBRIDGE, IP12 4SF - £805,000

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

PILGRIMS WAY is a very large extended detached house of 309m², built sometime between 1996 and 2002. It was last sold for £805,000 in September 2021, which was around 112% above the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was C.

PILGRIMS WAY Sold Prices

Land registry data shows four sales for PILGRIMS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. two of the four PILGRIMS WAY sales were for above the average price, and four 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
2021 28 SEP	£805,000	£378,972	112% above HPI
2016 14 JUL	£510,000	£311,086	64% above HPI
2002 30 JUL	£145,000	£158,620	9% below HPI
1996 20 DEC	£65,000	£77,874	17% below HPI

PILGRIMS WAY 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 four PILGRIMS WAY sales between December 1996 and September 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 July 2016 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the September 2021 sale, where it rises to 112% above the HPI. The line then continues to track at 112% above the HPI.

How Large is PILGRIMS WAY?

PILGRIMS WAY is 309m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 10% of detached houses in Martlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Martlesham, and where PILGRIMS WAY lies on this distribution: 98% of detached houses are smaller than PILGRIMS WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Martlesham.

PILGRIMS WAY: Plot and Title Map

PILGRIMS WAY sits on a plot of roughly 0.235 of an acre, or 952m². The below map shows the location of PILGRIMS WAY, 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 PILGRIMS WAY). 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 PILGRIMS WAY?

PILGRIMS WAY is located on MAIN ROAD in MARTLESHAM, in the IP12 postcode district. The below map shows the position of PILGRIMS WAY on MAIN ROAD.