CHIMNEYS, BACK LANE, WASHBROOK, IPSWICH, IP8 3JA - £499,000

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.

CHIMNEYS is a very large detached house of 193m², built sometime between 1996 and 2002, which could now be worth an estimated £617,990. It was last sold for £499,000 in December 2016, which was around 26% above the average December 2016 detached price in the Babergh local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

CHIMNEYS Sold Prices

Land registry data shows three sales for CHIMNEYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three CHIMNEYS 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
2016 14 DEC	£499,000	£395,262	26% above HPI
2012 26 JAN	£400,000	£286,471	40% above HPI
2002 18 OCT	£315,000	£203,213	55% above HPI

CHIMNEYS 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 three CHIMNEYS sales between October 2002 and December 2016 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 January 2012 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2016 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might CHIMNEYS be worth now?

CHIMNEYS might now be worth an estimated £617,990.

This is based on house price inflation of 23.8%, between December 2016 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.8% inflationary increase is applied to the most recent sale price for CHIMNEYS of £499,000 on 14th December 2016. For the value to have increased from £499,000 to £617,990 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of CHIMNEYS has moved in line with the HPI for detached houses in the Babergh local authority area.
• The December 2016 sale price of £499,000 represented a fair market value for the property.
• The size, condition, and specification of CHIMNEYS has not materially changed since December 2016.

How Large is CHIMNEYS?

CHIMNEYS is 193m² according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses houses in Washbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Washbrook, and where CHIMNEYS lies on this distribution: 90% of detached houses houses are smaller than CHIMNEYS, and 10% of houses are larger. Note that EPC data is not available for all properties in Washbrook.

CHIMNEYS: Plot and Title Map

CHIMNEYS sits on a plot of roughly 0.222 of an acre, or 900m². The below map shows the location of CHIMNEYS, 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 CHIMNEYS). 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 CHIMNEYS?

CHIMNEYS is located on BACK LANE in WASHBROOK, in the IP8 postcode district. The below map shows the position of CHIMNEYS on BACK LANE.