15, NEWLANDS, ELMSETT, IPSWICH, IP7 6NZ - £252,000

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.

15 NEWLANDS is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £294,166. It was last sold for £252,000 in October 2019, which was around 40% below the average October 2019 detached price in the Babergh local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was A.

15 NEWLANDS Sold Prices

Land registry data shows two sales for 15 NEWLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two 15 NEWLANDS 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
2019 18 OCT	£252,000	£419,348	40% below HPI
2009 8 JUL	£170,000	£250,084	32% below HPI

15 NEWLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two 15 NEWLANDS sales from July 2009 and October 2019 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 July 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 15 NEWLANDS be worth now?

15 NEWLANDS might now be worth an estimated £294,166.

This is based on house price inflation of 16.7%, between October 2019 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.7% inflationary increase is applied to the most recent sale price for 15 NEWLANDS of £252,000 on 18th October 2019. For the value to have increased from £252,000 to £294,166 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 15 NEWLANDS has moved in line with the HPI for detached houses in the Babergh local authority area.
• The October 2019 sale price of £252,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NEWLANDS has not materially changed since October 2019.

How Large is 15 NEWLANDS?

15 NEWLANDS is 76m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses houses in Elmsett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elmsett, and where 15 NEWLANDS lies on this distribution: 7% of detached houses houses are smaller than 15 NEWLANDS, and 90% of houses are larger. Note that EPC data is not available for all properties in Elmsett.

15 NEWLANDS: Plot and Title Map

15 NEWLANDS sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 15 NEWLANDS, 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 15 NEWLANDS). 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 15 NEWLANDS?

15 NEWLANDS is located in ELMSETT, in the IP7 postcode district. The below map shows the position of No. 15 on NEWLANDS.