GIPPING VIEW, HILL HOUSE LANE, NEEDHAM MARKET, IPSWICH, IP6 8EA - £565,000

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

GIPPING VIEW is a very large extended detached house of 229m², built sometime between 2003 and 2006. It was last sold for £565,000 in November 2020, which was around 45% above the average November 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

GIPPING VIEW Sold Prices

Land registry data shows two sales for GIPPING VIEW 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. Both of the two GIPPING VIEW 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
2020 20 NOV	£565,000	£388,824	45% above HPI
2000 17 NOV	£350,000	£131,223	167% above HPI

GIPPING VIEW 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 GIPPING VIEW sales from November 2000 and November 2020 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 November 2000 sale was for 167% above the HPI. So the extrapolation line tracks at 167% above the HPI over time, until the November 2020 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is GIPPING VIEW?

GIPPING VIEW is 229m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where GIPPING VIEW lies on this distribution: 98% of detached houses are smaller than GIPPING VIEW, and 2% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

GIPPING VIEW: Plot and Title Map

GIPPING VIEW sits on a plot of roughly 0.522 of an acre, or 2,113m². The below map shows the location of GIPPING VIEW, 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 GIPPING VIEW). 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 GIPPING VIEW?

GIPPING VIEW is located on HILL HOUSE LANE in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of GIPPING VIEW on HILL HOUSE LANE.