5, SPRINGFIELD ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4PG - £165,000

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 SPRINGFIELD ROAD is a small extended detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £289,493. It was last sold for £165,000 in July 2012, which was around 36% below the average July 2012 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

5 SPRINGFIELD ROAD Sold Prices

Land registry data shows two sales for 5 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 5 SPRINGFIELD ROAD 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
2012 6 JUL	£165,000	£259,804	36% below HPI
1999 12 OCT	£80,000	£116,922	32% below HPI

5 SPRINGFIELD ROAD 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 two 5 SPRINGFIELD ROAD sales from October 1999 and July 2012 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 1999 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2012 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 5 SPRINGFIELD ROAD be worth now?

5 SPRINGFIELD ROAD might now be worth an estimated £289,493.

This is based on house price inflation of 75.5%, between July 2012 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 75.5% inflationary increase is applied to the most recent sale price for 5 SPRINGFIELD ROAD of £165,000 on 6th July 2012. For the value to have increased from £165,000 to £289,493 over the thirteen years and five months to February 2025, the following assumptions must hold true:

• The value of 5 SPRINGFIELD ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2012 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGFIELD ROAD has not materially changed since July 2012.

How Large is 5 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is 85m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somersham, and where 5 SPRINGFIELD ROAD lies on this distribution: 23% of detached houses houses are smaller than 5 SPRINGFIELD ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Somersham.

5 SPRINGFIELD ROAD: Plot and Title Map

5 SPRINGFIELD ROAD sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 5 SPRINGFIELD ROAD, 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 SPRINGFIELD ROAD). 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 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of No. 5 on SPRINGFIELD ROAD.