THE FIRS, MAIN ROAD, MARTLESHAM, WOODBRIDGE, IP12 4TE - £225,000

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

THE FIRS is a large extended detached house of 146m², built sometime between 1930 and 1949. It was last sold for £225,000 in September 2011, which was around 10% below the average September 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the three THE FIRS sales was for below the average price, whilst two 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
2011 30 SEP	£225,000	£250,801	10% below HPI
2006 7 JUL	£275,000	£231,620	19% above HPI
2003 17 OCT	£222,500	£197,051	13% above HPI

THE FIRS 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 three THE FIRS sales between October 2003 and September 2011 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 2006 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2011 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is THE FIRS?

THE FIRS is 146m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 30% of detached houses in Martlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Martlesham, and where THE FIRS lies on this distribution: 72% of detached houses are smaller than THE FIRS, and 28% of houses are larger. Note that EPC data is not available for all properties in Martlesham.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.126 of an acre, or 512m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

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