51, GROVE LANE, IPSWICH, IP4 1NX - £96,000

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

51 GROVE LANE is a very small extended detached house of 83m², built sometime between 1967 and 1975. It was last sold for £96,000 in December 2001, which was around 34% below the average December 2001 detached price in the Ipswich local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

51 GROVE LANE Sold Prices

Land registry data shows three sales for 51 GROVE 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 Ipswich local authority area for the corresponding sale date. All of the three 51 GROVE 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
2001 17 DEC	£96,000	£144,693	34% below HPI
1996 7 JUN	£59,500	£69,653	15% below HPI
1995 30 OCT	£35,000	£71,529	51% below HPI

51 GROVE LANE 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 three 51 GROVE LANE sales between October 1995 and December 2001 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 June 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2001 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 51 GROVE LANE?

51 GROVE LANE is 83m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 51 GROVE LANE lies on this distribution: 16% of detached houses are smaller than 51 GROVE LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

51 GROVE LANE: Plot and Title Map

51 GROVE LANE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 51 GROVE 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 51 GROVE 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 51 GROVE LANE?

51 GROVE LANE is located in IPSWICH, in the IP4 postcode district. The below map shows the position of No. 51 on GROVE LANE.