NEW BARN COTTAGE, CHAPEL LANE, LOWER SOMERSHAM, IPSWICH, IP8 4QE - £335,000

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

NEW BARN COTTAGE is a large extended detached house of 147m², built sometime between 1996 and 2002. It was last sold for £335,000 in May 2014, which was around 23% above the average May 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

NEW BARN COTTAGE Sold Prices

Land registry data shows three sales for NEW BARN COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three NEW BARN COTTAGE 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
2014 1 MAY	£335,000	£273,410	23% above HPI
2006 14 FEB	£302,500	£239,590	26% above HPI
2000 6 NOV	£185,000	£131,223	41% above HPI

NEW BARN COTTAGE 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 three NEW BARN COTTAGE sales between November 2000 and May 2014 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 February 2006 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2014 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is NEW BARN COTTAGE?

NEW BARN COTTAGE is 147m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 40% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where NEW BARN COTTAGE lies on this distribution: 67% of detached houses are smaller than NEW BARN COTTAGE, and 33% of houses are larger. Note that EPC data is not available for all properties in Somersham.

NEW BARN COTTAGE: Plot and Title Map

NEW BARN COTTAGE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of NEW BARN COTTAGE, 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 NEW BARN COTTAGE). 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 NEW BARN COTTAGE?

NEW BARN COTTAGE is located on CHAPEL LANE in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of NEW BARN COTTAGE on CHAPEL LANE.