3, GIPPING WAY, SPROUGHTON, IPSWICH, IP8 3BE - £285,000

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

3 GIPPING WAY is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £285,000 in December 2019, which was around 32% below the average December 2019 detached price in the Babergh local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

3 GIPPING WAY Sold Prices

Land registry data shows three sales for 3 GIPPING WAY 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 3 GIPPING 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
2019 12 DEC	£285,000	£420,503	32% below HPI
2016 5 MAY	£228,000	£363,443	37% below HPI
1997 16 MAY	£64,000	£86,467	26% below HPI

3 GIPPING WAY 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 3 GIPPING WAY sales between May 1997 and December 2019 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 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2019 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 GIPPING WAY?

3 GIPPING WAY is 73m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Sproughton, based on EPC data. The below chart shows the distribution of detached houses by size in Sproughton, and where 3 GIPPING WAY lies on this distribution: 3% of detached houses are smaller than 3 GIPPING WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Sproughton.

3 GIPPING WAY: Plot and Title Map

3 GIPPING WAY sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 3 GIPPING 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 3 GIPPING 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 3 GIPPING WAY?

3 GIPPING WAY is located in SPROUGHTON, in the IP8 postcode district. The below map shows the position of No. 3 on GIPPING WAY.