DUNFARMIN, CHAPEL ROAD, OTLEY, IPSWICH, IP6 9NX - £336,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

DUNFARMIN is a very small detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £401,261. It was last sold for £336,000 in October 2017, which was around 3% below the average October 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

DUNFARMIN Sold Prices

Land registry data shows two sales for DUNFARMIN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two DUNFARMIN sales was for below the average price, whilst the other was roughly equal to 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
2017 2 OCT	£336,000	£345,735	3% below HPI
1999 15 FEB	£90,000	£90,371	Close to HPI

DUNFARMIN Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two DUNFARMIN sales from February 1999 and October 2017 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 February 1999 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2017 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might DUNFARMIN be worth now?

DUNFARMIN might now be worth an estimated £401,261.

This is based on house price inflation of 19.4%, between October 2017 and December 2024, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for DUNFARMIN of £336,000 on 2nd October 2017. For the value to have increased from £336,000 to £401,261 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of DUNFARMIN has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2017 sale price of £336,000 represented a fair market value for the property.
• The size, condition, and specification of DUNFARMIN has not materially changed since October 2017.

How Large is DUNFARMIN?

DUNFARMIN is 99m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses houses in Otley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otley, and where DUNFARMIN lies on this distribution: 7% of detached houses houses are smaller than DUNFARMIN, and 93% of houses are larger. Note that EPC data is not available for all properties in Otley.

DUNFARMIN: Plot and Title Map

DUNFARMIN sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of DUNFARMIN, 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 DUNFARMIN). 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 DUNFARMIN?

DUNFARMIN is located on CHAPEL ROAD in OTLEY, in the IP6 postcode district. The below map shows the position of DUNFARMIN on CHAPEL ROAD.