3, SMITHS PLACE, KESGRAVE, IPSWICH, IP5 2YR - £212,000

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 SMITHS PLACE is a midsized extended detached house of 110m², built sometime between 1991 and 1995. It was last sold for £212,000 in December 2006, which was around 12% below the average December 2006 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

3 SMITHS PLACE Sold Prices

Land registry data shows two sales for 3 SMITHS PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 3 SMITHS PLACE 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
2006 20 DEC	£212,000	£241,201	12% below HPI
1999 29 MAR	£90,000	£90,454	1% below HPI

3 SMITHS PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 3 SMITHS PLACE sales from March 1999 and December 2006 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 March 1999 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2006 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 SMITHS PLACE?

3 SMITHS PLACE is 110m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the smallest 50% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 3 SMITHS PLACE lies on this distribution: 46% of detached houses are smaller than 3 SMITHS PLACE, and 53% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

3 SMITHS PLACE: Plot and Title Map

3 SMITHS PLACE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 3 SMITHS PLACE, 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 SMITHS PLACE). 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 SMITHS PLACE?

3 SMITHS PLACE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 3 on SMITHS PLACE.