SHIPWAY, PRIVATE ROAD, MARTLESHAM, WOODBRIDGE, IP12 4SG - £440,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SHIPWAY is a very small detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £525,461. It was last sold for £440,000 in October 2017, which was around 27% above the average October 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was D.

SHIPWAY Sold Prices

Land registry data shows two sales for SHIPWAY 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 SHIPWAY 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
2017 30 OCT	£440,000	£345,735	27% above HPI
2007 11 APR	£322,000	£245,259	31% above HPI

SHIPWAY 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 SHIPWAY sales from April 2007 and October 2017 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 April 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the October 2017 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might SHIPWAY be worth now?

SHIPWAY might now be worth an estimated £525,461.

This is based on house price inflation of 19.4%, between October 2017 and December 2024, for 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 19.4% inflationary increase is applied to the most recent sale price for SHIPWAY of £440,000 on 30th October 2017. For the value to have increased from £440,000 to £525,461 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of SHIPWAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2017 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of SHIPWAY has not materially changed since October 2017.

How Large is SHIPWAY?

SHIPWAY is 88m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of detached houses houses in Martlesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martlesham, and where SHIPWAY lies on this distribution: 16% of detached houses houses are smaller than SHIPWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Martlesham.

SHIPWAY: Plot and Title Map

SHIPWAY sits on a plot of roughly 0.270 of an acre, or 1,093m². The below map shows the location of SHIPWAY, 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 SHIPWAY). 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 SHIPWAY?

SHIPWAY is located on PRIVATE ROAD in MARTLESHAM, in the IP12 postcode district. The below map shows the position of SHIPWAY on PRIVATE ROAD.