THE OLD BAKERY, PIN MILL ROAD, CHELMONDISTON, IPSWICH, IP9 1JD - £74,950

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 OLD BAKERY is a very small extended detached house of 77m², built sometime before 1900. It was last sold for £74,950 in July 1999, which was around 29% below the average July 1999 detached price in the Babergh local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was C.

THE OLD BAKERY Sold Prices

Land registry data shows two sales for THE OLD BAKERY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two THE OLD BAKERY 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
1999 16 JUL	£74,950	£106,265	29% below HPI
1999 1 FEB	£33,000	£97,771	66% below HPI

THE OLD BAKERY 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 two THE OLD BAKERY sales from February 1999 and July 1999 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 February 1999 sale was for 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the July 1999 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is THE OLD BAKERY?

THE OLD BAKERY is 77m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% of detached houses in Chelmondiston, based on EPC data. The below chart shows the distribution of detached houses by size in Chelmondiston, and where THE OLD BAKERY lies on this distribution: 12% of detached houses are smaller than THE OLD BAKERY, and 88% of houses are larger. Note that EPC data is not available for all properties in Chelmondiston.

THE OLD BAKERY: Plot and Title Map

THE OLD BAKERY sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of THE OLD BAKERY, 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 OLD BAKERY). 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 OLD BAKERY?

THE OLD BAKERY is located on PIN MILL ROAD in CHELMONDISTON, in the IP9 postcode district. The below map shows the position of THE OLD BAKERY on PIN MILL ROAD.