THE OLD CYCLE SHOP, MARKET STREET, LAXFIELD, WOODBRIDGE, IP13 8DR - £485,000

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 OLD CYCLE SHOP is a midsized extended detached house of 134m², built sometime before 1900, which could now be worth an estimated £555,490. It was last sold for £485,000 in November 2020, which was around 22% above the average November 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was F, and the potential energy rating was D.

THE OLD CYCLE SHOP Sold Prices

Land registry data shows two sales for THE OLD CYCLE SHOP 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. One of the two THE OLD CYCLE SHOP sales was for above the average price, whilst the other was for below 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
2020 20 NOV	£485,000	£397,984	22% above HPI
2011 11 NOV	£250,000	£261,264	4% below HPI

THE OLD CYCLE SHOP 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 CYCLE SHOP sales from November 2011 and November 2020 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 2011 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2020 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might THE OLD CYCLE SHOP be worth now?

THE OLD CYCLE SHOP might now be worth an estimated £555,490.

This is based on house price inflation of 14.5%, between November 2020 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.5% inflationary increase is applied to the most recent sale price for THE OLD CYCLE SHOP of £485,000 on 20th November 2020. For the value to have increased from £485,000 to £555,490 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of THE OLD CYCLE SHOP has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2020 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD CYCLE SHOP has not materially changed since November 2020.

How Large is THE OLD CYCLE SHOP?

THE OLD CYCLE SHOP is 134m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 50% of detached houses houses in Laxfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Laxfield, and where THE OLD CYCLE SHOP lies on this distribution: 57% of detached houses houses are smaller than THE OLD CYCLE SHOP, and 43% of houses are larger. Note that EPC data is not available for all properties in Laxfield.

THE OLD CYCLE SHOP: Plot and Title Map

THE OLD CYCLE SHOP sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of THE OLD CYCLE SHOP, 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 CYCLE SHOP). 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 CYCLE SHOP?

THE OLD CYCLE SHOP is located on MARKET STREET in LAXFIELD, in the IP13 postcode district. The below map shows the position of THE OLD CYCLE SHOP on MARKET STREET.