15, PENNY LANE, PURDIS FARM, IPSWICH, IP3 8UX - £140,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 PENNY LANE is a small terraced house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £259,633. It was last sold for £140,000 in June 2009, which was around 23% above the average June 2009 terraced price in the East Suffolk local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was C.

15 PENNY LANE Sold Prices

Land registry data shows two sales for 15 PENNY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Both of the two 15 PENNY LANE 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
2009 23 JUN	£140,000	£113,383	23% above HPI
2001 31 AUG	£93,000	£58,151	60% above HPI

15 PENNY LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The two 15 PENNY LANE sales from August 2001 and June 2009 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 2001 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the June 2009 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 15 PENNY LANE be worth now?

15 PENNY LANE might now be worth an estimated £259,633.

This is based on house price inflation of 85.5%, between June 2009 and June 2025, for terraced houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.5% inflationary increase is applied to the most recent sale price for 15 PENNY LANE of £140,000 on 23rd June 2009. For the value to have increased from £140,000 to £259,633 over the sixteen years to June 2025, the following assumptions must hold true:

• The value of 15 PENNY LANE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The June 2009 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PENNY LANE has not materially changed since June 2009.

How Large is 15 PENNY LANE?

15 PENNY LANE is 97m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 40% of terraced houses houses in Ipswich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ipswich, and where 15 PENNY LANE lies on this distribution: 31% of terraced houses houses are smaller than 15 PENNY LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

15 PENNY LANE: Plot and Title Map

15 PENNY LANE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 15 PENNY LANE, 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 15 PENNY LANE). 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 15 PENNY LANE?

15 PENNY LANE is located in PURDIS FARM, in the IP3 postcode district. The below map shows the position of No. 15 on PENNY LANE.