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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CORNWALLIS TERRACE is a midsized detached house of 115m², built sometime between 2003 and 2006. It was last sold for £290,000 in May 2022, which was around 28% 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	£404,878	28% below HPI
2007 11 MAY	£186,500	£242,651	23% below HPI
2002 18 APR	£170,000	£150,385	13% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 2 CORNWALLIS TERRACE lies on this distribution: 53% of detached 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.