WORKSHOP COTTAGE, WOODBRIDGE ROAD, GRUNDISBURGH, WOODBRIDGE, IP13 6UD - £263,000

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

WORKSHOP COTTAGE is a very small detached house of 45m², built sometime between 1900 and 1929. It was last sold for £263,000 in April 2019, which was around 23% below the average April 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2013, where the current energy rating was F, and the potential energy rating was A.

WORKSHOP COTTAGE Sold Prices

Land registry data shows two sales for WORKSHOP COTTAGE 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 WORKSHOP COTTAGE sales were 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
2019 4 APR	£263,000	£339,832	23% below HPI
2014 28 MAR	£185,000	£259,107	29% below HPI

WORKSHOP COTTAGE 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 WORKSHOP COTTAGE sales from March 2014 and April 2019 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 March 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is WORKSHOP COTTAGE?

WORKSHOP COTTAGE is 45m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 10% of detached houses in Grundisburgh, based on EPC data. The below chart shows the distribution of detached houses by size in Grundisburgh, and where WORKSHOP COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than WORKSHOP COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Grundisburgh.

WORKSHOP COTTAGE: Plot and Title Map

WORKSHOP COTTAGE sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of WORKSHOP COTTAGE, 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 WORKSHOP COTTAGE). 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 WORKSHOP COTTAGE?

WORKSHOP COTTAGE is located on WOODBRIDGE ROAD in GRUNDISBURGH, in the IP13 postcode district. The below map shows the position of WORKSHOP COTTAGE on WOODBRIDGE ROAD.