31, LARK RISE, MARTLESHAM HEATH, IPSWICH, IP5 3SA - £280,000

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

31 LARK RISE is a midsized extended detached house of 97m², built sometime between 1976 and 1982. It was last sold for £280,000 in March 2020, which was around 19% below the average March 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

31 LARK RISE Sold Prices

Land registry data shows four sales for 31 LARK RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 31 LARK RISE 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
2020 30 MAR	£280,000	£347,467	19% below HPI
2017 25 AUG	£275,995	£338,592	18% below HPI
2009 16 SEP	£170,000	£233,791	27% below HPI
2005 7 JAN	£155,000	£222,555	30% below HPI

31 LARK RISE 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 four 31 LARK RISE sales between January 2005 and March 2020 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 August 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 31 LARK RISE?

31 LARK RISE is 97m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 50% of detached houses in Martlesham Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Martlesham Heath, and where 31 LARK RISE lies on this distribution: 43% of detached houses are smaller than 31 LARK RISE, and 57% of houses are larger. Note that EPC data is not available for all properties in Martlesham Heath.

31 LARK RISE: Plot and Title Map

31 LARK RISE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 31 LARK RISE, 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 31 LARK RISE). 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 31 LARK RISE?

31 LARK RISE is located in MARTLESHAM HEATH, in the IP5 postcode district. The below map shows the position of No. 31 on LARK RISE.