118, WALLACE ROAD, IPSWICH, IP1 5BZ - £200,000

118 WALLACE ROAD is a very small extended detached house of 72m², built sometime between 1900 and 1929. It was last sold for £200,000 in July 2022, which was around 51% below the average July 2022 detached price in the Ipswich local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

118 WALLACE ROAD Sold Prices

Land registry data shows four sales for 118 WALLACE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. All of the four 118 WALLACE ROAD 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
2022 15 JUL	£200,000	£411,966	51% below HPI
2021 26 MAR	£162,500	£364,838	55% below HPI
2004 20 FEB	£96,500	£200,278	52% below HPI
1999 5 MAR	£42,000	£92,520	55% below HPI

118 WALLACE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The four 118 WALLACE ROAD sales between March 1999 and July 2022 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 March 2021 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the July 2022 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 118 WALLACE ROAD?

118 WALLACE ROAD is 72m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 118 WALLACE ROAD lies on this distribution: 7% of detached houses are smaller than 118 WALLACE ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

118 WALLACE ROAD: Plot and Title Map

118 WALLACE ROAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 118 WALLACE ROAD, 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 118 WALLACE ROAD). 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 118 WALLACE ROAD?

118 WALLACE ROAD is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 118 on WALLACE ROAD.