2, DOWNLANDS, ELMSETT, IPSWICH, IP7 6QF - £300,000

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.

2 DOWNLANDS is a very small detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £341,860. It was last sold for £300,000 in January 2019, which was around 28% below the average January 2019 detached price in the Babergh local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

2 DOWNLANDS Sold Prices

Land registry data shows three sales for 2 DOWNLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the three 2 DOWNLANDS 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
2019 22 JAN	£300,000	£419,189	28% below HPI
2012 14 DEC	£184,000	£289,837	37% below HPI
1997 3 NOV	£64,000	£102,599	38% below HPI

2 DOWNLANDS 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 three 2 DOWNLANDS sales between November 1997 and January 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 December 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 DOWNLANDS be worth now?

2 DOWNLANDS might now be worth an estimated £341,860.

This is based on house price inflation of 14%, between January 2019 and May 2026, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for 2 DOWNLANDS of £300,000 on 22nd January 2019. For the value to have increased from £300,000 to £341,860 over the six years and eight months to May 2026, the following assumptions must hold true:

• The value of 2 DOWNLANDS has moved in line with the HPI for detached houses in the Babergh local authority area.
• The January 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DOWNLANDS has not materially changed since January 2019.

How Large is 2 DOWNLANDS?

2 DOWNLANDS is 78m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses houses in Elmsett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elmsett, and where 2 DOWNLANDS lies on this distribution: 8% of detached houses houses are smaller than 2 DOWNLANDS, and 92% of houses are larger. Note that EPC data is not available for all properties in Elmsett.

2 DOWNLANDS: Plot and Title Map

2 DOWNLANDS sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 2 DOWNLANDS, 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 2 DOWNLANDS). 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 2 DOWNLANDS?

2 DOWNLANDS is located in ELMSETT, in the IP7 postcode district. The below map shows the position of No. 2 on DOWNLANDS.