THE PIGHTLE, CHURCH LANE, LOWER SOMERSHAM, IPSWICH, IP8 4PN - £310,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

THE PIGHTLE is a large detached house of 141m², built sometime between 1976 and 1982. It was last sold for £310,000 in December 2019, which was around 16% below the average December 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

THE PIGHTLE Sold Prices

Land registry data shows five sales for THE PIGHTLE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. The five THE PIGHTLE sales were a mix of below the average price, and roughly equal to 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
2019 3 DEC	£310,000	£370,311	16% below HPI
2019 30 AUG	£305,246	£370,050	18% below HPI
2003 3 SEP	£194,950	£206,130	5% below HPI
2000 26 MAY	£127,500	£126,872	Close to HPI
1996 17 DEC	£80,000	£81,742	2% below HPI

THE PIGHTLE 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 five THE PIGHTLE sales between December 1996 and December 2019 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 2019 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE PIGHTLE?

THE PIGHTLE is 141m² according to the EPC inspection conducted in April 2019. This puts it in the largest 40% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where THE PIGHTLE lies on this distribution: 63% of detached houses are smaller than THE PIGHTLE, and 37% of houses are larger. Note that EPC data is not available for all properties in Somersham.

THE PIGHTLE: Plot and Title Map

THE PIGHTLE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of THE PIGHTLE, 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 PIGHTLE). 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 PIGHTLE?

THE PIGHTLE is located on CHURCH LANE in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of THE PIGHTLE on CHURCH LANE.