5, GREENSPIRE GROVE, PINEWOOD, IPSWICH, IP8 3SZ - £194,000

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.

5 GREENSPIRE GROVE is a small detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £317,004. It was last sold for £194,000 in October 2013, which was around 35% below the average October 2013 detached price in the Babergh local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

5 GREENSPIRE GROVE Sold Prices

Land registry data shows four sales for 5 GREENSPIRE GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 5 GREENSPIRE 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
2013 11 OCT	£194,000	£299,573	35% below HPI
2004 16 JUL	£190,000	£240,665	21% below HPI
1999 10 DEC	£109,950	£123,911	11% below HPI
1997 8 SEP	£77,500	£100,317	23% below HPI

5 GREENSPIRE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four 5 GREENSPIRE GROVE sales between September 1997 and October 2013 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 July 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2013 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 5 GREENSPIRE GROVE be worth now?

5 GREENSPIRE GROVE might now be worth an estimated £317,004.

This is based on house price inflation of 63.4%, between October 2013 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.4% inflationary increase is applied to the most recent sale price for 5 GREENSPIRE GROVE of £194,000 on 11th October 2013. For the value to have increased from £194,000 to £317,004 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 GREENSPIRE GROVE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The October 2013 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREENSPIRE GROVE has not materially changed since October 2013.

How Large is 5 GREENSPIRE GROVE?

5 GREENSPIRE GROVE is 101m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% 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 5 GREENSPIRE GROVE lies on this distribution: 37% of detached houses houses are smaller than 5 GREENSPIRE GROVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

5 GREENSPIRE GROVE: Plot and Title Map

5 GREENSPIRE GROVE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 5 GREENSPIRE 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 5 GREENSPIRE 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 5 GREENSPIRE GROVE?

5 GREENSPIRE GROVE is located in PINEWOOD, in the IP8 postcode district. The below map shows the position of No. 5 on GREENSPIRE GROVE.