2, MITRE WAY, IPSWICH, IP3 8DH - £252,500

2 MITRE WAY is a very small detached house of 84m², built sometime between 1996 and 2002. It was last sold for £252,500 in March 2018, which was around 24% below the average March 2018 detached price in the Ipswich local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

2 MITRE WAY Sold Prices

Land registry data shows two sales for 2 MITRE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. Both of the two 2 MITRE WAY 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
2018 9 MAR	£252,500	£332,310	24% below HPI
1999 22 DEC	£99,000	£106,985	7% below HPI

2 MITRE WAY 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 two 2 MITRE WAY sales from December 1999 and March 2018 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 1999 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 MITRE WAY?

2 MITRE WAY is 84m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 2 MITRE WAY lies on this distribution: 18% of detached houses are smaller than 2 MITRE WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 MITRE WAY: Plot and Title Map

2 MITRE WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 MITRE WAY, 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 MITRE WAY). 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 MITRE WAY?

2 MITRE WAY is located in IPSWICH, in the IP3 postcode district. The below map shows the position of No. 2 on MITRE WAY.