38, THE GROVE, IPSWICH, IP1 4NR - £247,500

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

38 THE GROVE is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £247,500 in January 2016, which was around 14% below the average January 2016 detached price in the Ipswich local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

38 THE GROVE Sold Prices

Land registry data shows two sales for 38 THE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. Both of the two 38 THE GROVE 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
2016 8 JAN	£247,500	£286,786	14% below HPI
1996 29 NOV	£60,000	£74,175	19% below HPI

38 THE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The two 38 THE GROVE sales from November 1996 and January 2016 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 November 1996 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2016 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 38 THE GROVE?

38 THE GROVE is 73m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 38 THE GROVE lies on this distribution: 8% of detached houses are smaller than 38 THE GROVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

38 THE GROVE: Plot and Title Map

38 THE GROVE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 38 THE GROVE, 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 38 THE GROVE). 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 38 THE GROVE?

38 THE GROVE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 38 on THE GROVE.