26, PARK ROAD, NEEDHAM MARKET, IPSWICH, IP6 8BH - £387,000

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

26 PARK ROAD is a small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £387,000 in August 2024, which was around 13% below the average August 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

26 PARK ROAD Sold Prices

Land registry data shows three sales for 26 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 26 PARK ROAD 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
2024 9 AUG	£387,000	£446,255	13% below HPI
2022 1 SEP	£400,000	£438,574	9% below HPI
2017 19 OCT	£290,000	£372,013	22% below HPI

26 PARK ROAD 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 three 26 PARK ROAD sales between October 2017 and August 2024 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 September 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2024 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 26 PARK ROAD?

26 PARK ROAD is 94m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% 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 26 PARK ROAD lies on this distribution: 32% of detached houses are smaller than 26 PARK ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

26 PARK ROAD: Plot and Title Map

26 PARK ROAD sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 26 PARK ROAD, 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 26 PARK ROAD). 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 26 PARK ROAD?

26 PARK ROAD is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 26 on PARK ROAD.