THE RED HOUSE, THE STREET, METFIELD, HARLESTON, IP20 0LA - £415,000

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 RED HOUSE is a large extended detached house of 164m², built sometime before 1900, which could now be worth an estimated £500,229. It was last sold for £415,000 in September 2017, which was around 10% above the average September 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

THE RED HOUSE Sold Prices

Land registry data shows two sales for THE RED 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 RED 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
2017 25 SEP	£415,000	£378,163	10% above HPI
2003 14 APR	£239,950	£198,932	21% above HPI

THE RED 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 RED HOUSE sales from April 2003 and September 2017 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 April 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2017 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might THE RED HOUSE be worth now?

THE RED HOUSE might now be worth an estimated £500,229.

This is based on house price inflation of 20.5%, between September 2017 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 20.5% inflationary increase is applied to the most recent sale price for THE RED HOUSE of £415,000 on 25th September 2017. For the value to have increased from £415,000 to £500,229 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of THE RED HOUSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The September 2017 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of THE RED HOUSE has not materially changed since September 2017.

How Large is THE RED HOUSE?

THE RED HOUSE is 164m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 40% of detached houses houses in Metfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Metfield, and where THE RED HOUSE lies on this distribution: 60% of detached houses houses are smaller than THE RED HOUSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Metfield.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of THE RED 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 RED 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 RED HOUSE?

THE RED HOUSE is located on THE STREET in METFIELD, in the IP20 postcode district. The below map shows the position of THE RED HOUSE on THE STREET.