2, CORNWALLIS TERRACE, IPSWICH, IP4 5JY - £290,000

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.

2 CORNWALLIS TERRACE is a midsized detached house of 115m², built sometime between 2003 and 2006, which could now be worth an estimated £279,887. It was last sold for £290,000 in May 2022, which was around 30% below the average May 2022 detached price in the Ipswich local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

2 CORNWALLIS TERRACE Sold Prices

Land registry data shows three sales for 2 CORNWALLIS TERRACE 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. Two of the three 2 CORNWALLIS TERRACE sales were for below the average price, whilst one was 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
2022 27 MAY	£290,000	£412,221	30% below HPI
2007 11 MAY	£186,500	£247,051	25% below HPI
2002 18 APR	£170,000	£153,112	11% above HPI

2 CORNWALLIS TERRACE 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 CORNWALLIS TERRACE sales between April 2002 and May 2022 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 May 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 CORNWALLIS TERRACE be worth now?

2 CORNWALLIS TERRACE might now be worth an estimated £279,887.

This is based on house price deflation of 3.5%, between May 2022 and February 2025, for detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% deflationary decrease is applied to the most recent sale price for 2 CORNWALLIS TERRACE of £290,000 on 27th May 2022. For the value to have decreased from £290,000 to £279,887 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 2 CORNWALLIS TERRACE has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The May 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CORNWALLIS TERRACE has not materially changed since May 2022.

How Large is 2 CORNWALLIS TERRACE?

2 CORNWALLIS TERRACE is 115m² according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 2 CORNWALLIS TERRACE lies on this distribution: 52% of detached houses houses are smaller than 2 CORNWALLIS TERRACE, and 47% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 CORNWALLIS TERRACE: Plot and Title Map

2 CORNWALLIS TERRACE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 2 CORNWALLIS TERRACE, 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 CORNWALLIS TERRACE). 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 CORNWALLIS TERRACE?

2 CORNWALLIS TERRACE is located in IPSWICH, in the IP4 postcode district. The below map shows the position of No. 2 on CORNWALLIS TERRACE.