LUREICK HOUSE, THE STREET, BRAMFORD, IPSWICH, IP8 4ED - £385,000

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

LUREICK HOUSE is a very large detached house of 260m², which could now be worth an estimated £506,546. It was last sold for £385,000 in February 2016, which was around 15% above the average February 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was B, and the potential energy rating was B.

LUREICK HOUSE Sold Prices

Land registry data shows two sales for LUREICK HOUSE 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 LUREICK HOUSE 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
2016 19 FEB	£385,000	£335,312	15% above HPI
1996 17 DEC	£77,000	£83,668	8% below HPI

LUREICK HOUSE 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 LUREICK HOUSE sales from December 1996 and February 2016 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 December 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2016 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might LUREICK HOUSE be worth now?

LUREICK HOUSE might now be worth an estimated £506,546.

This is based on house price inflation of 31.6%, between February 2016 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.6% inflationary increase is applied to the most recent sale price for LUREICK HOUSE of £385,000 on 19th February 2016. For the value to have increased from £385,000 to £506,546 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of LUREICK HOUSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The February 2016 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of LUREICK HOUSE has not materially changed since February 2016.

How Large is LUREICK HOUSE?

LUREICK HOUSE is 260m² according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses houses in Bramford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bramford, and where LUREICK HOUSE lies on this distribution: 98% of detached houses houses are smaller than LUREICK HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bramford.

LUREICK HOUSE: Plot and Title Map

LUREICK HOUSE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of LUREICK HOUSE, 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 LUREICK HOUSE). 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 LUREICK HOUSE?

LUREICK HOUSE is located on THE STREET in BRAMFORD, in the IP8 postcode district. The below map shows the position of LUREICK HOUSE on THE STREET.