WILLETT, SPRINGFIELD ROAD, ALDEBURGH, IP15 5JG - £525,000

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.

WILLETT is a very small detached house of 86m², built sometime between 1930 and 1949, which could now be worth an estimated £513,419. It was last sold for £525,000 in July 2022, which was around 21% above the average July 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was B, and the potential energy rating was B.

WILLETT Sold Prices

Land registry data shows four sales for WILLETT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Most of the four WILLETT 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
2022 21 JUL	£525,000	£433,747	21% above HPI
2017 29 SEP	£335,000	£345,502	3% below HPI
2001 9 JUL	£153,000	£130,946	17% above HPI
1996 9 DEC	£85,000	£77,886	9% above HPI

WILLETT 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 four WILLETT sales between December 1996 and July 2022 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 September 2017 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2022 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might WILLETT be worth now?

WILLETT might now be worth an estimated £513,419.

This is based on house price deflation of 2.2%, between July 2022 and March 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.2% deflationary decrease is applied to the most recent sale price for WILLETT of £525,000 on 21st July 2022. For the value to have decreased from £525,000 to £513,419 over the three years and four months to March 2025, the following assumptions must hold true:

• The value of WILLETT has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of WILLETT has not materially changed since July 2022.

How Large is WILLETT?

WILLETT is 86m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% of detached houses houses in Aldeburgh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Aldeburgh, and where WILLETT lies on this distribution: 18% of detached houses houses are smaller than WILLETT, and 82% of houses are larger. Note that EPC data is not available for all properties in Aldeburgh.

WILLETT: Plot and Title Map

WILLETT sits on a plot of roughly 0.178 of an acre, or 722m². The below map shows the location of WILLETT, 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 WILLETT). 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 WILLETT?

WILLETT is located on SPRINGFIELD ROAD in ALDEBURGH, in the IP15 postcode district. The below map shows the position of WILLETT on SPRINGFIELD ROAD.