MARTLETS, LONDON ROAD, IPSWICH, IP2 0SS - £420,000

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

MARTLETS is a very large detached house of 173m², built sometime between 1996 and 2002. It was last sold for £420,000 in March 2017, which was around 10% above the average March 2017 detached price in the Babergh local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

MARTLETS Sold Prices

Land registry data shows four sales for MARTLETS 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 MARTLETS 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
2017 14 MAR	£420,000	£382,306	10% above HPI
2009 30 JAN	£304,000	£241,751	26% above HPI
1999 2 SEP	£169,500	£113,462	49% above HPI
1996 11 MAR	£34,000	£82,254	59% below HPI

MARTLETS 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 MARTLETS sales between March 1996 and March 2017 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 January 2009 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the March 2017 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is MARTLETS?

MARTLETS is 173m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where MARTLETS lies on this distribution: 86% of detached houses are smaller than MARTLETS, and 14% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

MARTLETS: Plot and Title Map

MARTLETS sits on a plot of roughly 0.650 of an acre, or 2,632m². The below map shows the location of MARTLETS, 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 MARTLETS). 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 MARTLETS?

MARTLETS is located on LONDON ROAD in IPSWICH, in the IP2 postcode district. The below map shows the position of MARTLETS on LONDON ROAD.