2, CHAINHOUSE ROAD, NEEDHAM MARKET, IPSWICH, IP6 8EP - £237,000

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

2 CHAINHOUSE ROAD is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £237,000 in January 2019, which was around 36% below the average January 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

2 CHAINHOUSE ROAD Sold Prices

Land registry data shows four sales for 2 CHAINHOUSE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 2 CHAINHOUSE 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
2019 31 JAN	£237,000	£369,697	36% below HPI
2015 26 MAR	£215,000	£297,505	28% below HPI
2004 19 NOV	£178,000	£230,721	23% below HPI
1999 26 FEB	£79,950	£103,892	23% below HPI

2 CHAINHOUSE 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 four 2 CHAINHOUSE ROAD sales between February 1999 and January 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 March 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 CHAINHOUSE ROAD?

2 CHAINHOUSE ROAD is 77m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% 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 2 CHAINHOUSE ROAD lies on this distribution: 16% of detached houses are smaller than 2 CHAINHOUSE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

2 CHAINHOUSE ROAD: Plot and Title Map

2 CHAINHOUSE ROAD sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 CHAINHOUSE 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 2 CHAINHOUSE 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 2 CHAINHOUSE ROAD?

2 CHAINHOUSE ROAD is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 2 on CHAINHOUSE ROAD.