8, CHAINHOUSE ROAD, NEEDHAM MARKET, IPSWICH, IP6 8EP - £310,000

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.

8 CHAINHOUSE ROAD is a very small extended detached house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £368,174. It was last sold for £310,000 in August 2018, which was around 19% below the average August 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

8 CHAINHOUSE ROAD Sold Prices

Land registry data shows four sales for 8 CHAINHOUSE 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 8 CHAINHOUSE 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
2018 31 AUG	£310,000	£383,803	19% below HPI
2008 25 NOV	£165,000	£260,912	37% below HPI
2002 11 JUL	£145,000	£182,100	20% below HPI
1995 24 MAR	£75,500	£79,564	5% below HPI

8 CHAINHOUSE 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 8 CHAINHOUSE ROAD sales between March 1995 and August 2018 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 November 2008 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 CHAINHOUSE ROAD be worth now?

8 CHAINHOUSE ROAD might now be worth an estimated £368,174.

This is based on house price inflation of 18.8%, between August 2018 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 18.8% inflationary increase is applied to the most recent sale price for 8 CHAINHOUSE ROAD of £310,000 on 31st August 2018. For the value to have increased from £310,000 to £368,174 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 8 CHAINHOUSE ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHAINHOUSE ROAD has not materially changed since August 2018.

How Large is 8 CHAINHOUSE ROAD?

8 CHAINHOUSE ROAD is 68m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% 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 8 CHAINHOUSE ROAD lies on this distribution: 9% of detached houses houses are smaller than 8 CHAINHOUSE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

8 CHAINHOUSE ROAD: Plot and Title Map

8 CHAINHOUSE ROAD sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 8 CHAINHOUSE 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 8 CHAINHOUSE 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 8 CHAINHOUSE ROAD?

8 CHAINHOUSE ROAD is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 8 on CHAINHOUSE ROAD.