8, THE GROVE, IPSWICH, IP1 4NW - £290,000

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

8 THE GROVE is a midsized detached house of 114m², built sometime between 1976 and 1982. It was last sold for £290,000 in July 2015, which was around 7% above the average July 2015 detached price in the Ipswich local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

8 THE GROVE Sold Prices

Land registry data shows two sales for 8 THE GROVE 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 8 THE GROVE sales were for above 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
2015 17 JUL	£290,000	£272,284	7% above HPI
2001 18 MAY	£190,000	£130,768	45% above HPI

8 THE GROVE 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 8 THE GROVE sales from May 2001 and July 2015 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 May 2001 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2015 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 8 THE GROVE?

8 THE GROVE is 114m² according to the EPC inspection conducted in April 2015. This puts it in the largest 50% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 8 THE GROVE lies on this distribution: 51% of detached houses are smaller than 8 THE GROVE, and 47% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

8 THE GROVE: Plot and Title Map

8 THE GROVE sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of 8 THE GROVE, 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 GROVE). 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 GROVE?

8 THE GROVE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 8 on THE GROVE.