THE HERMITAGE, LODGE FARM LANE, MELTON, WOODBRIDGE, IP12 1LX - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE HERMITAGE is a very large extended semi-detached house of 258m², built sometime between 1900 and 1929, which could now be worth an estimated £702,622. It was last sold for £400,000 in February 2013, which was around 152% above the average February 2013 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

THE HERMITAGE Sold Prices

Land registry data shows two sales for THE HERMITAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two THE HERMITAGE 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
2013 8 FEB	£400,000	£158,862	152% above HPI
2005 18 JAN	£582,500	£144,786	302% above HPI

THE HERMITAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two THE HERMITAGE sales from January 2005 and February 2013 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 January 2005 sale was for 302% above the HPI. So the extrapolation line tracks at 302% above the HPI over time, until the February 2013 sale, where it falls to 152% above the HPI. The line then continues to track at 152% above the HPI.

What might THE HERMITAGE be worth now?

THE HERMITAGE might now be worth an estimated £702,622.

This is based on house price inflation of 75.7%, between February 2013 and February 2025, for semi-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 75.7% inflationary increase is applied to the most recent sale price for THE HERMITAGE of £400,000 on 8th February 2013. For the value to have increased from £400,000 to £702,622 over the twelve years to February 2025, the following assumptions must hold true:

• The value of THE HERMITAGE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The February 2013 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of THE HERMITAGE has not materially changed since February 2013.

How Large is THE HERMITAGE?

THE HERMITAGE is 258m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 10% of semi-detached houses houses in Melton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton, and where THE HERMITAGE lies on this distribution: 92% of semi-detached houses houses are smaller than THE HERMITAGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Melton.

THE HERMITAGE: Plot and Title Map

THE HERMITAGE sits on a plot of roughly 1.4 acres, or 5,561m². The below map shows the location of THE HERMITAGE, 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 HERMITAGE). 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 HERMITAGE?

THE HERMITAGE is located on LODGE FARM LANE in MELTON, in the IP12 postcode district. The below map shows the position of THE HERMITAGE on LODGE FARM LANE.