2, PINECROFT WAY, NEEDHAM MARKET, IPSWICH, IP6 8HB - £155,000

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 PINECROFT WAY is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £155,000 in September 2009, which was around 36% below the average September 2009 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2018, where the current energy rating was E, and the potential energy rating was B.

2 PINECROFT WAY Sold Prices

Land registry data shows two sales for 2 PINECROFT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 2 PINECROFT WAY 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
2009 25 SEP	£155,000	£241,871	36% below HPI
2002 11 OCT	£110,000	£186,670	41% below HPI

2 PINECROFT WAY 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 two 2 PINECROFT WAY sales from October 2002 and September 2009 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 October 2002 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the September 2009 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 PINECROFT WAY?

2 PINECROFT WAY is 63m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 10% 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 PINECROFT WAY lies on this distribution: 5% of detached houses are smaller than 2 PINECROFT WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

2 PINECROFT WAY: Plot and Title Map

2 PINECROFT WAY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 2 PINECROFT WAY, 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 PINECROFT WAY). 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 PINECROFT WAY?

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