CHAPEL BARN, BURY ROAD, HITCHAM, IPSWICH, IP7 7PX - £850,000

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

CHAPEL BARN is a very large extended property of 183m², built sometime between 2003 and 2006. It was last sold for £850,000 in July 2023, which was around 75% above the average July 2023 detached price in the Babergh local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

CHAPEL BARN Sold Prices

Land registry data shows four sales for CHAPEL BARN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Most of the four CHAPEL BARN 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
2023 27 JUL	£850,000	£484,949	75% above HPI
2015 3 DEC	£585,000	£352,198	66% above HPI
2005 30 JUN	£495,000	£249,406	98% above HPI
2003 7 MAY	£153,500	£218,069	30% below HPI

CHAPEL BARN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four CHAPEL BARN sales between May 2003 and July 2023 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 December 2015 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the July 2023 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is CHAPEL BARN?

CHAPEL BARN is 183m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 20% of detached houses in Hitcham, based on EPC data. The below chart shows the distribution of detached houses by size in Hitcham, and where CHAPEL BARN lies on this distribution: 86% of detached houses are smaller than CHAPEL BARN, and 11% of houses are larger. Note that EPC data is not available for all properties in Hitcham.

CHAPEL BARN: Plot and Title Map

CHAPEL BARN sits on a plot of roughly 0.323 of an acre, or 1,309m². The below map shows the location of CHAPEL BARN, 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 CHAPEL BARN). 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 CHAPEL BARN?

CHAPEL BARN is located on BURY ROAD in HITCHAM, in the IP7 postcode district. The below map shows the position of CHAPEL BARN on BURY ROAD.