1, PINECROFT WAY, NEEDHAM MARKET, IPSWICH, IP6 8HB - £315,000

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

1 PINECROFT WAY is a midsized detached house of 100m², built sometime between 1983 and 1990. It was last sold for £315,000 in January 2023, which was around 29% below the average January 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

1 PINECROFT WAY Sold Prices

Land registry data shows two sales for 1 PINECROFT 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 Mid Suffolk local authority area for the corresponding sale date. Both of the two 1 PINECROFT 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
2023 6 JAN	£315,000	£443,655	29% below HPI
2003 29 SEP	£174,000	£206,130	16% below HPI

1 PINECROFT WAY 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 two 1 PINECROFT WAY sales from September 2003 and January 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 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 PINECROFT WAY?

1 PINECROFT WAY is 100m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where 1 PINECROFT WAY lies on this distribution: 41% of detached houses are smaller than 1 PINECROFT WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

1 PINECROFT WAY: Plot and Title Map

1 PINECROFT WAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 1 PINECROFT 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 1 PINECROFT 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 1 PINECROFT WAY?

1 PINECROFT WAY is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 1 on PINECROFT WAY.