3, SCHOOL LANE, METFIELD, HARLESTON, IP20 0LJ - £360,000

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.

3 SCHOOL LANE is a midsized detached house of 143m², built sometime between 1983 and 1990, which could now be worth an estimated £629,528. It was last sold for £360,000 in May 2012, which was around 38% above the average May 2012 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was D.

3 SCHOOL LANE Sold Prices

Land registry data shows three sales for 3 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 3 SCHOOL LANE 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
2012 30 MAY	£360,000	£260,668	38% above HPI
2008 29 SEP	£303,000	£275,320	10% above HPI
1999 6 MAY	£138,000	£109,103	26% above HPI

3 SCHOOL LANE 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 three 3 SCHOOL LANE sales between May 1999 and May 2012 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 2008 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2012 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 3 SCHOOL LANE be worth now?

3 SCHOOL LANE might now be worth an estimated £629,528.

This is based on house price inflation of 74.9%, between May 2012 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 74.9% inflationary increase is applied to the most recent sale price for 3 SCHOOL LANE of £360,000 on 30th May 2012. For the value to have increased from £360,000 to £629,528 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 3 SCHOOL LANE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2012 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SCHOOL LANE has not materially changed since May 2012.

How Large is 3 SCHOOL LANE?

3 SCHOOL LANE is 143m² according to the EPC inspection conducted in March 2011. This puts it in the largest 50% 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 3 SCHOOL LANE lies on this distribution: 50% of detached houses houses are smaller than 3 SCHOOL LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Metfield.

3 SCHOOL LANE: Plot and Title Map

3 SCHOOL LANE sits on a plot of roughly 0.269 of an acre, or 1,088m². The below map shows the location of 3 SCHOOL LANE, 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 3 SCHOOL LANE). 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 3 SCHOOL LANE?

3 SCHOOL LANE is located in METFIELD, in the IP20 postcode district. The below map shows the position of No. 3 on SCHOOL LANE.