RIDGEWAY, GRANT RISE, WOODBRIDGE, IP12 1FG - £645,000

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

RIDGEWAY is a very large detached house of 308m², built in 2020. It was last sold for £645,000 in July 2007, which was around 157% above the average July 2007 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was B.

RIDGEWAY Sold Prices

Land registry data shows two sales for RIDGEWAY 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 RIDGEWAY 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
2007 31 JUL	£645,000	£250,789	157% above HPI
1997 10 OCT	£154,000	£84,012	83% above HPI

RIDGEWAY 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 RIDGEWAY sales from October 1997 and July 2007 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 October 1997 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the July 2007 sale, where it rises to 157% above the HPI. The line then continues to track at 157% above the HPI.

How Large is RIDGEWAY?

RIDGEWAY is 308m² according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where RIDGEWAY lies on this distribution: 98% of detached houses are smaller than RIDGEWAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

RIDGEWAY: Plot and Title Map

RIDGEWAY sits on a plot of roughly 0.943 of an acre, or 3,816m². The below map shows the location of RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

RIDGEWAY is located on GRANT RISE in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of RIDGEWAY on GRANT RISE.