REDWOOD LODGE, WESTERFIELD ROAD, WESTERFIELD, IPSWICH, IP6 9AA - £385,000

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

REDWOOD LODGE is a very large extended detached house of 330m², built sometime between 1976 and 1982. It was last sold for £385,000 in April 2015, which was around 34% above the average April 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

REDWOOD LODGE Sold Prices

Land registry data shows two sales for REDWOOD LODGE 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 REDWOOD LODGE 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
2015 23 APR	£385,000	£286,842	34% above HPI
1998 7 AUG	£185,000	£88,631	109% above HPI

REDWOOD LODGE 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 REDWOOD LODGE sales from August 1998 and April 2015 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 August 1998 sale was for 109% above the HPI. So the extrapolation line tracks at 109% above the HPI over time, until the April 2015 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is REDWOOD LODGE?

REDWOOD LODGE is 330m², which includes two extensions, according to the EPC inspection conducted in November 2008. This puts it in the largest 10% of detached houses in Westerfield, based on EPC data. The below chart shows the distribution of detached houses by size in Westerfield, and where REDWOOD LODGE lies on this distribution: 96% of detached houses are smaller than REDWOOD LODGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Westerfield.

REDWOOD LODGE: Plot and Title Map

REDWOOD LODGE sits on a plot of roughly 0.281 of an acre, or 1,136m². The below map shows the location of REDWOOD LODGE, 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 REDWOOD LODGE). 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 REDWOOD LODGE?

REDWOOD LODGE is located on WESTERFIELD ROAD in WESTERFIELD, in the IP6 postcode district. The below map shows the position of REDWOOD LODGE on WESTERFIELD ROAD.