THE NEW PLACE, BROAD STREET, ORFORD, WOODBRIDGE, IP12 2NQ - £1,200,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE NEW PLACE is a very large detached house of 267m². It was last sold for £1,200,000 in August 2015, which was around 302% above the average August 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

THE NEW PLACE Sold Prices

Land registry data shows two sales for THE NEW PLACE 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 THE NEW PLACE 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 14 AUG	£1,200,000	£298,569	302% above HPI
2006 31 JUL	£485,000	£231,620	109% above HPI

THE NEW PLACE 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 THE NEW PLACE sales from July 2006 and August 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 July 2006 sale was for 109% above the HPI. So the extrapolation line tracks at 109% above the HPI over time, until the August 2015 sale, where it rises to 302% above the HPI. The line then continues to track at 302% above the HPI.

How Large is THE NEW PLACE?

THE NEW PLACE is 267m² according to the EPC inspection conducted in January 2015. This puts it in the largest 10% of detached houses in Orford, based on EPC data. The below chart shows the distribution of detached houses by size in Orford, and where THE NEW PLACE lies on this distribution: 96% of detached houses are smaller than THE NEW PLACE, and 4% of houses are larger. Note that EPC data is not available for all properties in Orford.

THE NEW PLACE: Plot and Title Map

THE NEW PLACE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of THE NEW PLACE, 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 NEW PLACE). 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 NEW PLACE?

THE NEW PLACE is located on BROAD STREET in ORFORD, in the IP12 postcode district. The below map shows the position of THE NEW PLACE on BROAD STREET.