ORCHARD LEA, BOURNE HILL, WHERSTEAD, IPSWICH, IP2 8NQ - £370,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ORCHARD LEA is a very large extended detached house of 186m², built sometime between 1930 and 1949. It was last sold for £370,000 in November 2015, which was around 7% above the average November 2015 detached price in the Babergh local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was C.

ORCHARD LEA Sold Prices

Land registry data shows two sales for ORCHARD LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. One of the two ORCHARD LEA 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
2015 27 NOV	£370,000	£344,791	7% above HPI
2009 20 APR	£200,000	£237,639	16% below HPI

ORCHARD LEA 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 two ORCHARD LEA sales from April 2009 and November 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 April 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2015 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is ORCHARD LEA?

ORCHARD LEA is 186m², which includes two extensions, according to the EPC inspection conducted in February 2019. 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 ORCHARD LEA lies on this distribution: 89% of detached houses are smaller than ORCHARD LEA, and 11% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

ORCHARD LEA: Plot and Title Map

ORCHARD LEA sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of ORCHARD LEA, 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 ORCHARD LEA). 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 ORCHARD LEA?

ORCHARD LEA is located on BOURNE HILL in WHERSTEAD, in the IP2 postcode district. The below map shows the position of ORCHARD LEA on BOURNE HILL.