RILEYS, HILL HOUSE LANE, NEEDHAM MARKET, IPSWICH, IP6 8EA - £500,000

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

RILEYS is a very large detached house of 157m². It was last sold for £500,000 in December 2018, which was around 37% above the average December 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

RILEYS Sold Prices

Land registry data shows two sales for RILEYS 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. Both of the two RILEYS 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
2018 14 DEC	£500,000	£365,951	37% above HPI
2014 28 FEB	£340,000	£270,175	26% above HPI

RILEYS 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 RILEYS sales from February 2014 and December 2018 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 2014 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the December 2018 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is RILEYS?

RILEYS is 157m² according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where RILEYS lies on this distribution: 87% of detached houses are smaller than RILEYS, and 13% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

RILEYS: Plot and Title Map

RILEYS sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of RILEYS, 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 RILEYS). 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 RILEYS?

RILEYS is located on HILL HOUSE LANE in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of RILEYS on HILL HOUSE LANE.