3, THE CEDARS, OFFTON, IPSWICH, IP8 4RB - £725,000

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 THE CEDARS is a very large detached house of 265m², built sometime between 1996 and 2002. It was last sold for £725,000 in November 2018, which was around 98% above the average November 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

3 THE CEDARS Sold Prices

Land registry data shows three sales for 3 THE CEDARS 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 THE CEDARS sales were for above 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
2018 30 NOV	£725,000	£366,652	98% above HPI
2005 14 OCT	£575,000	£234,451	145% above HPI
2000 17 JUL	£350,000	£131,151	167% above HPI

3 THE CEDARS 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 THE CEDARS sales between July 2000 and November 2018 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 October 2005 sale was for 145% above the HPI. So the extrapolation line tracks at 145% above the HPI over time, until the November 2018 sale, where it falls to 98% above the HPI. The line then continues to track at 98% above the HPI.

How Large is 3 THE CEDARS?

3 THE CEDARS is 265m² according to the EPC inspection conducted in August 2017. This puts it in the largest 10% of detached houses in Offton, based on EPC data. The below chart shows the distribution of detached houses by size in Offton, and where 3 THE CEDARS lies on this distribution: 93% of detached houses are smaller than 3 THE CEDARS, and 7% of houses are larger. Note that EPC data is not available for all properties in Offton.

3 THE CEDARS: Plot and Title Map

3 THE CEDARS sits on a plot of roughly 0.716 of an acre, or 2,899m². The below map shows the location of 3 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

3 THE CEDARS is located in OFFTON, in the IP8 postcode district. The below map shows the position of No. 3 on THE CEDARS.