GREENBANKS, THE STREET, WHATFIELD, IPSWICH, IP7 6QN - £390,000

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.

GREENBANKS is a midsized extended detached house of 124m², built sometime before 1900, which could now be worth an estimated £435,651. It was last sold for £390,000 in December 2020, which was around 11% below the average December 2020 detached price in the Babergh local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was C.

GREENBANKS Sold Prices

Land registry data shows four sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Most of the four GREENBANKS 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 11 DEC	£390,000	£438,220	11% below HPI
2008 25 JUL	£356,000	£281,266	27% above HPI
1999 24 SEP	£175,000	£116,016	51% above HPI
1996 12 JAN	£93,000	£79,755	17% above HPI

GREENBANKS 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 four GREENBANKS sales between January 1996 and December 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 July 2008 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the December 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might GREENBANKS be worth now?

GREENBANKS might now be worth an estimated £435,651.

This is based on house price inflation of 11.7%, between December 2020 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 11.7% inflationary increase is applied to the most recent sale price for GREENBANKS of £390,000 on 11th December 2020. For the value to have increased from £390,000 to £435,651 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of GREENBANKS has moved in line with the HPI for detached houses in the Babergh local authority area.
• The December 2020 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of GREENBANKS has not materially changed since December 2020.

How Large is GREENBANKS?

GREENBANKS is 124m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 50% of detached houses houses in Whatfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whatfield, and where GREENBANKS lies on this distribution: 50% of detached houses houses are smaller than GREENBANKS, and 50% of houses are larger. Note that EPC data is not available for all properties in Whatfield.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on THE STREET in WHATFIELD, in the IP7 postcode district. The below map shows the position of GREENBANKS on THE STREET.