1B, PENZANCE ROAD, KESGRAVE, IPSWICH, IP5 1LY - £360,000

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

1B PENZANCE ROAD is a large detached house of 144m², built sometime between 1991 and 1995. It was last sold for £360,000 in May 2007, which was around 49% above the average May 2007 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

1B PENZANCE ROAD Sold Prices

Land registry data shows two sales for 1B PENZANCE ROAD 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 1B PENZANCE ROAD 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
2007 8 MAY	£360,000	£241,623	49% above HPI
2005 9 SEP	£305,000	£228,988	33% above HPI

1B PENZANCE ROAD 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 1B PENZANCE ROAD sales from September 2005 and May 2007 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 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2007 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 1B PENZANCE ROAD?

1B PENZANCE ROAD is 144m² according to the EPC inspection conducted in August 2014. This puts it in the largest 30% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 1B PENZANCE ROAD lies on this distribution: 78% of detached houses are smaller than 1B PENZANCE ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

1B PENZANCE ROAD: Plot and Title Map

1B PENZANCE ROAD sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of 1B PENZANCE 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 1B PENZANCE 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 1B PENZANCE ROAD?

1B PENZANCE ROAD is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 1B on PENZANCE ROAD.