7, MEDWAY ROAD, IPSWICH, IP3 0QJ - £328,000

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

7 MEDWAY ROAD is a very small detached house of 79m², built sometime between 1930 and 1949. It was last sold for £328,000 in October 2022, which was around 20% below the average October 2022 detached price in the Ipswich local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

7 MEDWAY ROAD Sold Prices

Land registry data shows two sales for 7 MEDWAY 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 Ipswich local authority area for the corresponding sale date. Both of the two 7 MEDWAY 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
2022 3 OCT	£328,000	£411,911	20% below HPI
1995 28 APR	£55,500	£70,294	21% below HPI

7 MEDWAY ROAD 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 two 7 MEDWAY ROAD sales from April 1995 and October 2022 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 April 1995 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7 MEDWAY ROAD?

7 MEDWAY ROAD is 79m² according to the EPC inspection conducted in July 2022. 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 7 MEDWAY ROAD lies on this distribution: 12% of detached houses are smaller than 7 MEDWAY ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

7 MEDWAY ROAD: Plot and Title Map

7 MEDWAY ROAD sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 7 MEDWAY 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 MEDWAY 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 MEDWAY ROAD?

7 MEDWAY ROAD is located in IPSWICH, in the IP3 postcode district. The below map shows the position of No. 7 on MEDWAY ROAD.