8, THE DRIFTWAY, IPSWICH, IP4 5JZ - £280,000

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 THE DRIFTWAY is a very small detached house of 77m², built in 2021, which could now be worth an estimated £305,525. It was last sold for £280,000 in June 2021, which was around 23% below the average June 2021 detached price in the Ipswich local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

8 THE DRIFTWAY Sold Prices

Land registry data shows three sales for 8 THE DRIFTWAY 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 8 THE DRIFTWAY 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
2021 15 JUN	£280,000	£364,608	23% below HPI
2018 24 OCT	£52,500	£351,267	85% below HPI
2017 27 FEB	£50,000	£326,090	85% below HPI

8 THE DRIFTWAY 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 8 THE DRIFTWAY sales between February 2017 and June 2021 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 2018 sale was for 85% below the HPI. So the extrapolation line tracks at 85% below the HPI over time, until the June 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 8 THE DRIFTWAY be worth now?

8 THE DRIFTWAY might now be worth an estimated £305,525.

This is based on house price inflation of 9.1%, between June 2021 and February 2025, for detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.1% inflationary increase is applied to the most recent sale price for 8 THE DRIFTWAY of £280,000 on 15th June 2021. For the value to have increased from £280,000 to £305,525 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 8 THE DRIFTWAY has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The June 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE DRIFTWAY has not materially changed since June 2021.

How Large is 8 THE DRIFTWAY?

8 THE DRIFTWAY is 77m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 8 THE DRIFTWAY lies on this distribution: 10% of detached houses houses are smaller than 8 THE DRIFTWAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

8 THE DRIFTWAY: Plot and Title Map

8 THE DRIFTWAY sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 8 THE DRIFTWAY, 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 THE DRIFTWAY). 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 THE DRIFTWAY?

8 THE DRIFTWAY is located in IPSWICH, in the IP4 postcode district. The below map shows the position of No. 8 on THE DRIFTWAY.