THE OLD SHOP, THE STREET, RAYDON, IPSWICH, IP7 5LW - £420,000

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 OLD SHOP is a large extended detached house of 142m², built sometime before 1900. It was last sold for £420,000 in March 2017, which was around 10% above the average March 2017 detached price in the Babergh local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

THE OLD SHOP Sold Prices

Land registry data shows two sales for THE OLD SHOP 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 SHOP 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
2017 31 MAR	£420,000	£382,306	10% above HPI
2011 11 FEB	£292,000	£281,510	4% above HPI

THE OLD SHOP 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 SHOP sales from February 2011 and March 2017 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 2011 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2017 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is THE OLD SHOP?

THE OLD SHOP is 142m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses in Raydon, based on EPC data. The below chart shows the distribution of detached houses by size in Raydon, and where THE OLD SHOP lies on this distribution: 62% of detached houses are smaller than THE OLD SHOP, and 36% of houses are larger. Note that EPC data is not available for all properties in Raydon.

THE OLD SHOP: Plot and Title Map

THE OLD SHOP sits on a plot of roughly 0.129 of an acre, or 520m². The below map shows the location of THE OLD SHOP, 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 SHOP). 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 SHOP?

THE OLD SHOP is located on THE STREET in RAYDON, in the IP7 postcode district. The below map shows the position of THE OLD SHOP on THE STREET.