COMMERCE HOUSE, THE STREET, GRUNDISBURGH, WOODBRIDGE, IP13 6TD - £600,000

COMMERCE HOUSE is a very large extended detached house of 189m², built sometime before 1900. It was last sold for £600,000 in June 2021, which was around 58% above the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was D.

COMMERCE HOUSE Sold Prices

Land registry data shows two sales for COMMERCE HOUSE 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 COMMERCE HOUSE 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
2021 25 JUN	£600,000	£380,524	58% above HPI
2011 8 AUG	£317,500	£251,903	26% above HPI

COMMERCE HOUSE 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 COMMERCE HOUSE sales from August 2011 and June 2021 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 August 2011 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2021 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is COMMERCE HOUSE?

COMMERCE HOUSE is 189m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the largest 20% of detached houses in Grundisburgh, based on EPC data. The below chart shows the distribution of detached houses by size in Grundisburgh, and where COMMERCE HOUSE lies on this distribution: 82% of detached houses are smaller than COMMERCE HOUSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Grundisburgh.

COMMERCE HOUSE: Plot and Title Map

COMMERCE HOUSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of COMMERCE HOUSE, 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 COMMERCE HOUSE). 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 COMMERCE HOUSE?

COMMERCE HOUSE is located on THE STREET in GRUNDISBURGH, in the IP13 postcode district. The below map shows the position of COMMERCE HOUSE on THE STREET.