7, IPSWICH ROAD, NEEDHAM MARKET, IPSWICH, IP6 8EG - £240,000

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.

7 IPSWICH ROAD is a small extended detached house of 90m², built sometime before 1900, which could now be worth an estimated £287,356. It was last sold for £240,000 in July 2020, which was around 37% below the average July 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was C.

7 IPSWICH ROAD Sold Prices

Land registry data shows four sales for 7 IPSWICH ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 7 IPSWICH 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
2020 14 JUL	£240,000	£380,707	37% below HPI
2016 15 JUN	£218,500	£342,951	36% below HPI
2012 2 NOV	£167,200	£261,695	36% below HPI
2006 13 NOV	£182,500	£265,122	31% below HPI

7 IPSWICH 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 four 7 IPSWICH ROAD sales between November 2006 and July 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 June 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 7 IPSWICH ROAD be worth now?

7 IPSWICH ROAD might now be worth an estimated £287,356.

This is based on house price inflation of 19.7%, between July 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 19.7% inflationary increase is applied to the most recent sale price for 7 IPSWICH ROAD of £240,000 on 14th July 2020. For the value to have increased from £240,000 to £287,356 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 7 IPSWICH ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The July 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 IPSWICH ROAD has not materially changed since July 2020.

How Large is 7 IPSWICH ROAD?

7 IPSWICH ROAD is 90m², which includes four extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Needham Market, and where 7 IPSWICH ROAD lies on this distribution: 28% of detached houses houses are smaller than 7 IPSWICH ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

7 IPSWICH ROAD: Plot and Title Map

7 IPSWICH ROAD sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 7 IPSWICH 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 7 IPSWICH 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 7 IPSWICH ROAD?

7 IPSWICH ROAD is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 7 on IPSWICH ROAD.