THE CEDARS, CHAPEL ROAD, OTLEY, IPSWICH, IP6 9NT - £640,000

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

THE CEDARS is a very large detached house of 200m², built in 2021. It was last sold for £640,000 in October 2022, which was around 45% above the average October 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was A.

THE CEDARS Sold Prices

Land registry data shows two sales for THE CEDARS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two THE CEDARS 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
2022 14 OCT	£640,000	£439,903	45% above HPI
2021 10 MAY	£163,000	£372,753	56% below HPI

THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two THE CEDARS sales from May 2021 and October 2022 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 May 2021 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the October 2022 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is THE CEDARS?

THE CEDARS is 200m² according to the EPC inspection conducted in April 2022. This puts it in the largest 10% of detached houses in Otley, based on EPC data. The below chart shows the distribution of detached houses by size in Otley, and where THE CEDARS lies on this distribution: 89% of detached houses are smaller than THE CEDARS, and 9% of houses are larger. Note that EPC data is not available for all properties in Otley.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on CHAPEL ROAD in OTLEY, in the IP6 postcode district. The below map shows the position of THE CEDARS on CHAPEL ROAD.