8, THE ORCHARDS, LAXFIELD, WOODBRIDGE, IP13 8EE - £205,000

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 THE ORCHARDS is a very small terraced house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £206,008. It was last sold for £205,000 in March 2023, which was around 8% below the average March 2023 terraced price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2022, where the current energy rating was E, and the potential energy rating was B.

8 THE ORCHARDS Sold Prices

Land registry data shows four sales for 8 THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 8 THE ORCHARDS 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
2023 10 MAR	£205,000	£222,516	8% below HPI
2005 28 SEP	£116,500	£128,800	10% below HPI
2004 30 MAR	£105,000	£106,331	1% below HPI
1999 15 OCT	£44,750	£55,972	20% below HPI

8 THE ORCHARDS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four 8 THE ORCHARDS sales between October 1999 and March 2023 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 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 8 THE ORCHARDS be worth now?

8 THE ORCHARDS might now be worth an estimated £206,008.

This is based on house price inflation of 0.5%, between March 2023 and May 2026, for terraced 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 0.5% inflationary increase is applied to the most recent sale price for 8 THE ORCHARDS of £205,000 on 10th March 2023. For the value to have increased from £205,000 to £206,008 over the two years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 THE ORCHARDS has moved in line with the HPI for terraced houses in the Mid Suffolk local authority area.
• The March 2023 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE ORCHARDS has not materially changed since March 2023.

How Large is 8 THE ORCHARDS?

8 THE ORCHARDS is 71m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of terraced houses houses in Laxfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Laxfield, and where 8 THE ORCHARDS lies on this distribution: 10% of terraced houses houses are smaller than 8 THE ORCHARDS, and 90% of houses are larger. Note that EPC data is not available for all properties in Laxfield.

8 THE ORCHARDS: Plot and Title Map

8 THE ORCHARDS sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 8 THE ORCHARDS, 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 THE ORCHARDS). 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 THE ORCHARDS?

8 THE ORCHARDS is located in LAXFIELD, in the IP13 postcode district. The below map shows the position of No. 8 on THE ORCHARDS.