THE OLD BANK HOUSE, HIGH STREET, LAXFIELD, WOODBRIDGE, IP13 8DX - £320,000

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 OLD BANK HOUSE is a very large extended detached house of 169m², built sometime before 1900. It was last sold for £320,000 in May 2015, which was around 5% above the average May 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

THE OLD BANK HOUSE Sold Prices

Land registry data shows two sales for THE OLD BANK HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two THE OLD BANK HOUSE 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 22 MAY	£320,000	£304,009	5% above HPI
1995 27 NOV	£90,000	£76,343	18% above HPI

THE OLD BANK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two THE OLD BANK HOUSE sales from November 1995 and May 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 November 1995 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the May 2015 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE OLD BANK HOUSE?

THE OLD BANK HOUSE is 169m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 20% of detached houses in Laxfield, based on EPC data. The below chart shows the distribution of detached houses by size in Laxfield, and where THE OLD BANK HOUSE lies on this distribution: 85% of detached houses are smaller than THE OLD BANK HOUSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Laxfield.

THE OLD BANK HOUSE: Plot and Title Map

THE OLD BANK HOUSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of THE OLD BANK HOUSE, 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 OLD BANK HOUSE). 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 OLD BANK HOUSE?

THE OLD BANK HOUSE is located on HIGH STREET in LAXFIELD, in the IP13 postcode district. The below map shows the position of THE OLD BANK HOUSE on HIGH STREET.