THE CHESTNUTS, HELMINGHAM ROAD, OTLEY, IPSWICH, IP6 9NS - £880,000

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 CHESTNUTS is a very large extended detached house of 238m², built sometime before 1900. It was last sold for £880,000 in August 2021, which was around 133% above the average August 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

THE CHESTNUTS Sold Prices

Land registry data shows two sales for THE CHESTNUTS 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. Both of the two THE CHESTNUTS 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
2021 27 AUG	£880,000	£378,011	133% above HPI
2016 8 AUG	£635,000	£320,108	98% above HPI

THE CHESTNUTS 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 CHESTNUTS sales from August 2016 and August 2021 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 2016 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the August 2021 sale, where it rises to 133% above the HPI. The line then continues to track at 133% above the HPI.

How Large is THE CHESTNUTS?

THE CHESTNUTS is 238m², which includes four extensions, according to the EPC inspection conducted in June 2015. 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 CHESTNUTS lies on this distribution: 96% of detached houses are smaller than THE CHESTNUTS, and 2% of houses are larger. Note that EPC data is not available for all properties in Otley.

THE CHESTNUTS: Plot and Title Map

THE CHESTNUTS sits on a plot of roughly 0.971 of an acre, or 3,931m². The below map shows the location of THE CHESTNUTS, 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 CHESTNUTS). 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 CHESTNUTS?

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