44, PAPER MILL LANE, BRAMFORD, IPSWICH, IP8 4BS - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

44 PAPER MILL LANE is a midsized extended detached house of 117m², built sometime between 1983 and 1990, which could now be worth an estimated £374,956. It was last sold for £315,000 in May 2020, which was around 18% below the average May 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

44 PAPER MILL LANE Sold Prices

Land registry data shows three sales for 44 PAPER MILL LANE 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 44 PAPER MILL LANE 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 1 MAY	£315,000	£382,940	18% below HPI
2003 3 OCT	£156,500	£215,771	27% below HPI
2001 25 MAY	£120,000	£131,878	9% below HPI

44 PAPER MILL LANE 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 44 PAPER MILL LANE sales between May 2001 and May 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 October 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 44 PAPER MILL LANE be worth now?

44 PAPER MILL LANE might now be worth an estimated £374,956.

This is based on house price inflation of 19%, between May 2020 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19% inflationary increase is applied to the most recent sale price for 44 PAPER MILL LANE of £315,000 on 1st May 2020. For the value to have increased from £315,000 to £374,956 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 44 PAPER MILL LANE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 44 PAPER MILL LANE has not materially changed since May 2020.

How Large is 44 PAPER MILL LANE?

44 PAPER MILL LANE is 117m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 50% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 44 PAPER MILL LANE lies on this distribution: 55% of detached houses houses are smaller than 44 PAPER MILL LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

44 PAPER MILL LANE: Plot and Title Map

44 PAPER MILL LANE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 44 PAPER MILL LANE, 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 44 PAPER MILL LANE). 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 44 PAPER MILL LANE?

44 PAPER MILL LANE is located in BRAMFORD, in the IP8 postcode district. The below map shows the position of No. 44 on PAPER MILL LANE.