2, CHERRY LANE GARDENS, IPSWICH, IP4 4QQ - £295,000

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 CHERRY LANE GARDENS is a midsized extended detached house of 121m², built sometime between 1996 and 2002. It was last sold for £295,000 in November 2013, which was around 25% above the average November 2013 detached price in the Ipswich local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

2 CHERRY LANE GARDENS Sold Prices

Land registry data shows three sales for 2 CHERRY LANE GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. All of the three 2 CHERRY LANE GARDENS 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
2013 2 NOV	£295,000	£236,439	25% above HPI
2002 12 JUN	£178,000	£161,895	10% above HPI
1996 30 OCT	£102,000	£74,723	37% above HPI

2 CHERRY LANE GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The three 2 CHERRY LANE GARDENS sales between October 1996 and November 2013 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 June 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2013 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 2 CHERRY LANE GARDENS?

2 CHERRY LANE GARDENS is 121m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 2 CHERRY LANE GARDENS lies on this distribution: 58% of detached houses are smaller than 2 CHERRY LANE GARDENS, and 41% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 CHERRY LANE GARDENS: Plot and Title Map

2 CHERRY LANE GARDENS sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 2 CHERRY LANE GARDENS, 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 CHERRY LANE GARDENS). 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 CHERRY LANE GARDENS?

2 CHERRY LANE GARDENS is located in IPSWICH, in the IP4 postcode district. The below map shows the position of No. 2 on CHERRY LANE GARDENS.