ROUND HOUSE, CHAPEL LANE, BELSTEAD, IPSWICH, IP8 3LR - £247,500

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

ROUND HOUSE is a very small extended detached house of 91m², built sometime before 1900. It was last sold for £247,500 in February 2014, which was around 15% below the average February 2014 detached price in the Babergh local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

ROUND HOUSE Sold Prices

Land registry data shows three sales for ROUND HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three ROUND HOUSE sales were 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
2014 24 FEB	£247,500	£290,323	15% below HPI
2006 18 AUG	£197,000	£261,344	25% below HPI
2001 23 OCT	£142,500	£163,219	13% below HPI

ROUND HOUSE 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 three ROUND HOUSE sales between October 2001 and February 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 August 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2014 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is ROUND HOUSE?

ROUND HOUSE is 91m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses in Belstead, based on EPC data. The below chart shows the distribution of detached houses by size in Belstead, and where ROUND HOUSE lies on this distribution: 14% of detached houses are smaller than ROUND HOUSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Belstead.

ROUND HOUSE: Plot and Title Map

ROUND HOUSE sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of ROUND HOUSE, 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 ROUND HOUSE). 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 ROUND HOUSE?

ROUND HOUSE is located on CHAPEL LANE in BELSTEAD, in the IP8 postcode district. The below map shows the position of ROUND HOUSE on CHAPEL LANE.