WESTERLEY, PRENTICES LANE, WOODBRIDGE, IP12 4LF - £225,000

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

WESTERLEY is a small extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £225,000 in March 2004, which was around 10% above the average March 2004 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

WESTERLEY Sold Prices

Land registry data shows two sales for WESTERLEY 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 WESTERLEY 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
2004 15 MAR	£225,000	£204,684	10% above HPI
1997 21 FEB	£86,000	£78,673	9% above HPI

WESTERLEY 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 WESTERLEY sales from February 1997 and March 2004 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 February 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2004 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is WESTERLEY?

WESTERLEY is 102m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where WESTERLEY lies on this distribution: 29% of detached houses are smaller than WESTERLEY, and 71% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

WESTERLEY: Plot and Title Map

WESTERLEY sits on a plot of roughly 0.286 of an acre, or 1,155m². The below map shows the location of WESTERLEY, 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 WESTERLEY). 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 WESTERLEY?

WESTERLEY is located on PRENTICES LANE in WOODBRIDGE, in the IP12 postcode district. The below map shows the position of WESTERLEY on PRENTICES LANE.