3, SPRINGFIELD ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4PG - £220,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

3 SPRINGFIELD ROAD is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £220,000 in May 2015, which was around 28% below the average May 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

3 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 3 SPRINGFIELD 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 3 SPRINGFIELD 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
2015 6 MAY	£220,000	£304,009	28% below HPI
2006 20 DEC	£197,000	£258,039	24% below HPI
2003 20 JUN	£117,000	£197,856	41% below HPI

3 SPRINGFIELD 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 3 SPRINGFIELD ROAD sales between June 2003 and May 2015 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 December 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2015 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 SPRINGFIELD ROAD?

3 SPRINGFIELD ROAD is 63m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where 3 SPRINGFIELD ROAD lies on this distribution: Less than 1% of detached houses are smaller than 3 SPRINGFIELD ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Somersham.

3 SPRINGFIELD ROAD: Plot and Title Map

3 SPRINGFIELD ROAD sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 3 SPRINGFIELD 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 3 SPRINGFIELD 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 3 SPRINGFIELD ROAD?

3 SPRINGFIELD ROAD is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of No. 3 on SPRINGFIELD ROAD.