74, SPRINGFIELD ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4PQ - £60,000

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.

74 SPRINGFIELD ROAD is a very small extended semi-detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £282,786. It was last sold for £60,000 in December 1998, which was around 1% below the average December 1998 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

74 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 74 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 74 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
1998 1 DEC	£60,000	£60,371	1% below HPI
1997 17 OCT	£47,000	£55,545	15% below HPI
1996 30 AUG	£44,000	£48,403	9% below HPI

74 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 74 SPRINGFIELD ROAD sales between August 1996 and December 1998 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 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 1998 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 74 SPRINGFIELD ROAD be worth now?

74 SPRINGFIELD ROAD might now be worth an estimated £282,786.

This is based on house price inflation of 371.3%, between December 1998 and February 2025, for semi-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 371.3% inflationary increase is applied to the most recent sale price for 74 SPRINGFIELD ROAD of £60,000 on 1st December 1998. For the value to have increased from £60,000 to £282,786 over the 27 years and ten months to February 2025, the following assumptions must hold true:

• The value of 74 SPRINGFIELD ROAD has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The December 1998 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 74 SPRINGFIELD ROAD has not materially changed since December 1998.

How Large is 74 SPRINGFIELD ROAD?

74 SPRINGFIELD ROAD is 79m², which includes one extension, according to the EPC inspection conducted in October 2024. This puts it in the smallest 20% of semi-detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Somersham, and where 74 SPRINGFIELD ROAD lies on this distribution: 19% of semi-detached houses houses are smaller than 74 SPRINGFIELD ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Somersham.

74 SPRINGFIELD ROAD: Plot and Title Map

74 SPRINGFIELD ROAD sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 74 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 74 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 74 SPRINGFIELD ROAD?

74 SPRINGFIELD ROAD is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of No. 74 on SPRINGFIELD ROAD.