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

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.

ROUND HOUSE is a very small extended detached house of 91m², built sometime before 1900, which could now be worth an estimated £408,124. It was last sold for £247,500 in February 2014, which was around 17% 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	£296,858	17% below HPI
2006 18 AUG	£197,000	£267,226	26% below HPI
2001 23 OCT	£142,500	£166,892	15% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might ROUND HOUSE be worth now?

ROUND HOUSE might now be worth an estimated £408,124.

This is based on house price inflation of 64.9%, between February 2014 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.9% inflationary increase is applied to the most recent sale price for ROUND HOUSE of £247,500 on 24th February 2014. For the value to have increased from £247,500 to £408,124 over the eleven years to February 2025, the following assumptions must hold true:

• The value of ROUND HOUSE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The February 2014 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of ROUND HOUSE has not materially changed since February 2014.

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 houses in Belstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belstead, and where ROUND HOUSE lies on this distribution: 16% of detached houses houses are smaller than ROUND HOUSE, and 82% 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.