14, PARK ROAD, NEEDHAM MARKET, IPSWICH, IP6 8BH - £305,000

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.

14 PARK ROAD is a small extended detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £377,988. It was last sold for £305,000 in July 2017, which was around 17% below the average July 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

14 PARK ROAD Sold Prices

Land registry data shows three sales for 14 PARK ROAD 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 14 PARK ROAD 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
2017 3 JUL	£305,000	£367,809	17% below HPI
2003 5 DEC	£174,995	£218,063	20% below HPI
1995 28 JUN	£63,000	£77,555	19% below HPI

14 PARK ROAD 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 14 PARK ROAD sales between June 1995 and July 2017 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 December 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 14 PARK ROAD be worth now?

14 PARK ROAD might now be worth an estimated £377,988.

This is based on house price inflation of 23.9%, between July 2017 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 23.9% inflationary increase is applied to the most recent sale price for 14 PARK ROAD of £305,000 on 3rd July 2017. For the value to have increased from £305,000 to £377,988 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 14 PARK ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2017 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PARK ROAD has not materially changed since July 2017.

How Large is 14 PARK ROAD?

14 PARK ROAD is 99m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Needham Market, and where 14 PARK ROAD lies on this distribution: 37% of detached houses houses are smaller than 14 PARK ROAD, and 60% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

14 PARK ROAD: Plot and Title Map

14 PARK ROAD sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of 14 PARK ROAD, 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 14 PARK ROAD). 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 14 PARK ROAD?

14 PARK ROAD is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 14 on PARK ROAD.