THE GRANARY BARN, HIGH STREET, NEEDHAM MARKET, IPSWICH, IP6 8AL - £375,000

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 GRANARY BARN is a large detached house of 119m², built sometime before 1900. It was last sold for £375,000 in March 2015, which was around 26% above the average March 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was B.

THE GRANARY BARN Sold Prices

Land registry data shows two sales for THE GRANARY BARN 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 THE GRANARY BARN 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
2015 11 MAR	£375,000	£297,505	26% above HPI
2002 13 JUN	£235,000	£172,655	36% above HPI

THE GRANARY BARN 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 THE GRANARY BARN sales from June 2002 and March 2015 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 June 2002 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2015 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is THE GRANARY BARN?

THE GRANARY BARN is 119m² according to the EPC inspection conducted in July 2020. This puts it in the largest 40% 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 THE GRANARY BARN lies on this distribution: 63% of detached houses are smaller than THE GRANARY BARN, and 36% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

THE GRANARY BARN: Plot and Title Map

THE GRANARY BARN sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of THE GRANARY BARN, 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 GRANARY BARN). 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 GRANARY BARN?

THE GRANARY BARN is located on HIGH STREET in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of THE GRANARY BARN on HIGH STREET.