24, LOWER STREET, SPROUGHTON, IPSWICH, IP8 3AA - £264,000

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.

24 LOWER STREET is a very small extended detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £302,260. It was last sold for £264,000 in October 2020, which was around 38% below the average October 2020 detached price in the Babergh local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

24 LOWER STREET Sold Prices

Land registry data shows three sales for 24 LOWER STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three 24 LOWER STREET 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
2020 2 OCT	£264,000	£427,552	38% below HPI
2000 15 NOV	£120,000	£142,881	16% below HPI
1999 17 DEC	£87,500	£123,911	29% below HPI

24 LOWER STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The three 24 LOWER STREET sales between December 1999 and October 2020 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 November 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 24 LOWER STREET be worth now?

24 LOWER STREET might now be worth an estimated £302,260.

This is based on house price inflation of 14.5%, between October 2020 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.5% inflationary increase is applied to the most recent sale price for 24 LOWER STREET of £264,000 on 2nd October 2020. For the value to have increased from £264,000 to £302,260 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 24 LOWER STREET has moved in line with the HPI for detached houses in the Babergh local authority area.
• The October 2020 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 24 LOWER STREET has not materially changed since October 2020.

How Large is 24 LOWER STREET?

24 LOWER STREET is 82m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of detached houses houses in Sproughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sproughton, and where 24 LOWER STREET lies on this distribution: 8% of detached houses houses are smaller than 24 LOWER STREET, and 90% of houses are larger. Note that EPC data is not available for all properties in Sproughton.

24 LOWER STREET: Plot and Title Map

24 LOWER STREET sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 24 LOWER STREET, 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 24 LOWER STREET). 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 24 LOWER STREET?

24 LOWER STREET is located in SPROUGHTON, in the IP8 postcode district. The below map shows the position of No. 24 on LOWER STREET.