FLYING OTTERS, CHAPEL ROAD, OTLEY, IPSWICH, IP6 9NT - £235,000

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.

FLYING OTTERS is a small extended detached house of 126m², built sometime between 1950 and 1966, which could now be worth an estimated £288,449. It was last sold for £235,000 in February 2018, which was around 32% below the average February 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was F, and the potential energy rating was C.

FLYING OTTERS Sold Prices

Land registry data shows two sales for FLYING OTTERS 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. Both of the two FLYING OTTERS sales were 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
2018 2 FEB	£235,000	£344,656	32% below HPI
2016 27 SEP	£280,000	£322,277	13% below HPI

FLYING OTTERS 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 FLYING OTTERS sales from September 2016 and February 2018 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 September 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might FLYING OTTERS be worth now?

FLYING OTTERS might now be worth an estimated £288,449.

This is based on house price inflation of 22.7%, between February 2018 and February 2025, 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 22.7% inflationary increase is applied to the most recent sale price for FLYING OTTERS of £235,000 on 2nd February 2018. For the value to have increased from £235,000 to £288,449 over the seven years to February 2025, the following assumptions must hold true:

• The value of FLYING OTTERS has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of FLYING OTTERS has not materially changed since February 2018.

How Large is FLYING OTTERS?

FLYING OTTERS is 126m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% 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 FLYING OTTERS lies on this distribution: 31% of detached houses houses are smaller than FLYING OTTERS, and 65% of houses are larger. Note that EPC data is not available for all properties in Otley.

FLYING OTTERS: Plot and Title Map

FLYING OTTERS sits on a plot of roughly 0.352 of an acre, or 1,423m². The below map shows the location of FLYING OTTERS, 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 FLYING OTTERS). 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 FLYING OTTERS?

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