ELBANK, VICARAGE LANE, BRAMFORD, IPSWICH, IP8 4AE - £540,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ELBANK is a very large extended detached house of 157m², built sometime between 1930 and 1949. It was last sold for £540,000 in January 2019, which was around 46% above the average January 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

ELBANK Sold Prices

Land registry data shows two sales for ELBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the two ELBANK sales was for above the average price, whilst the other was 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
2019 8 JAN	£540,000	£369,697	46% above HPI
2005 17 JUN	£220,000	£230,014	4% below HPI

ELBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two ELBANK sales from June 2005 and January 2019 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 June 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2019 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is ELBANK?

ELBANK is 157m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses in Bramford, based on EPC data. The below chart shows the distribution of detached houses by size in Bramford, and where ELBANK lies on this distribution: 86% of detached houses are smaller than ELBANK, and 14% of houses are larger. Note that EPC data is not available for all properties in Bramford.

ELBANK: Plot and Title Map

ELBANK sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of ELBANK, 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 ELBANK). 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 ELBANK?

ELBANK is located on VICARAGE LANE in BRAMFORD, in the IP8 postcode district. The below map shows the position of ELBANK on VICARAGE LANE.