OLD BARN STORES, MAIN ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4QA - £286,000

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.

OLD BARN STORES is a large extended detached house of 149m², built sometime between 1983 and 1990, which could now be worth an estimated £433,595. It was last sold for £286,000 in February 2015, which was around 5% below the average February 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was B, and the potential energy rating was B.

OLD BARN STORES Sold Prices

Land registry data shows four sales for OLD BARN STORES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Two of the four OLD BARN STORES sales were for below the average price, whilst one was 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
2015 3 FEB	£286,000	£300,664	5% below HPI
2009 30 NOV	£250,000	£249,906	Close to HPI
2004 5 JAN	£190,000	£215,430	12% below HPI
1996 23 OCT	£95,000	£84,275	13% above HPI

OLD BARN STORES 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 four OLD BARN STORES sales between October 1996 and February 2015 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 2009 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2015 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might OLD BARN STORES be worth now?

OLD BARN STORES might now be worth an estimated £433,595.

This is based on house price inflation of 51.6%, between February 2015 and February 2025, 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 51.6% inflationary increase is applied to the most recent sale price for OLD BARN STORES of £286,000 on 3rd February 2015. For the value to have increased from £286,000 to £433,595 over the ten years to February 2025, the following assumptions must hold true:

• The value of OLD BARN STORES has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The February 2015 sale price of £286,000 represented a fair market value for the property.
• The size, condition, and specification of OLD BARN STORES has not materially changed since February 2015.

How Large is OLD BARN STORES?

OLD BARN STORES is 149m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somersham, and where OLD BARN STORES lies on this distribution: 70% of detached houses houses are smaller than OLD BARN STORES, and 30% of houses are larger. Note that EPC data is not available for all properties in Somersham.

OLD BARN STORES: Plot and Title Map

OLD BARN STORES sits on a plot of roughly 0.161 of an acre, or 650m². The below map shows the location of OLD BARN STORES, 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 OLD BARN STORES). 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 OLD BARN STORES?

OLD BARN STORES is located on MAIN ROAD in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of OLD BARN STORES on MAIN ROAD.