8, RAVENS WAY, MARTLESHAM, WOODBRIDGE, IP12 4SY - £310,000

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.

8 RAVENS WAY is a small extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £368,643. It was last sold for £310,000 in June 2018, which was around 12% below the average June 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

8 RAVENS WAY Sold Prices

Land registry data shows two sales for 8 RAVENS WAY 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 8 RAVENS WAY 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
2018 29 JUN	£310,000	£350,527	12% below HPI
2001 28 SEP	£133,500	£139,873	5% below HPI

8 RAVENS WAY 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 8 RAVENS WAY sales from September 2001 and June 2018 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 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 RAVENS WAY be worth now?

8 RAVENS WAY might now be worth an estimated £368,643.

This is based on house price inflation of 18.9%, between June 2018 and June 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 18.9% inflationary increase is applied to the most recent sale price for 8 RAVENS WAY of £310,000 on 29th June 2018. For the value to have increased from £310,000 to £368,643 over the seven years to June 2025, the following assumptions must hold true:

• The value of 8 RAVENS WAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RAVENS WAY has not materially changed since June 2018.

How Large is 8 RAVENS WAY?

8 RAVENS WAY is 114m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 40% of detached houses houses in Martlesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martlesham, and where 8 RAVENS WAY lies on this distribution: 40% of detached houses houses are smaller than 8 RAVENS WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Martlesham.

8 RAVENS WAY: Plot and Title Map

8 RAVENS WAY sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 8 RAVENS WAY, 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 8 RAVENS WAY). 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 8 RAVENS WAY?

8 RAVENS WAY is located in MARTLESHAM, in the IP12 postcode district. The below map shows the position of No. 8 on RAVENS WAY.