2, SPRINGVALE COTTAGE, THE STREET, WITNESHAM, IPSWICH, IP6 9HH - £295,000

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 SPRINGVALE COTTAGE is a very small extended detached house of 81m², built sometime before 1900, which could now be worth an estimated £328,395. It was last sold for £295,000 in November 2020, which was around 22% below the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

2 SPRINGVALE COTTAGE Sold Prices

Land registry data shows four sales for 2 SPRINGVALE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 2 SPRINGVALE COTTAGE 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
2020 20 NOV	£295,000	£380,026	22% below HPI
2001 10 MAY	£117,000	£129,359	10% below HPI
2000 22 MAR	£100,000	£103,555	3% below HPI
1999 3 DEC	£55,000	£102,241	46% below HPI

2 SPRINGVALE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The four 2 SPRINGVALE COTTAGE sales between December 1999 and November 2020 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 May 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 SPRINGVALE COTTAGE be worth now?

2 SPRINGVALE COTTAGE might now be worth an estimated £328,395.

This is based on house price inflation of 11.3%, between November 2020 and February 2025, for detached 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 11.3% inflationary increase is applied to the most recent sale price for 2 SPRINGVALE COTTAGE of £295,000 on 20th November 2020. For the value to have increased from £295,000 to £328,395 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 SPRINGVALE COTTAGE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGVALE COTTAGE has not materially changed since November 2020.

How Large is 2 SPRINGVALE COTTAGE?

2 SPRINGVALE COTTAGE is 81m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in Witnesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witnesham, and where 2 SPRINGVALE COTTAGE lies on this distribution: 13% of detached houses houses are smaller than 2 SPRINGVALE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Witnesham.

2 SPRINGVALE COTTAGE: Plot and Title Map

2 SPRINGVALE COTTAGE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 2 SPRINGVALE COTTAGE, 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 SPRINGVALE COTTAGE). 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 SPRINGVALE COTTAGE?

2 SPRINGVALE COTTAGE is located on THE STREET in WITNESHAM, in the IP6 postcode district. The below map shows the position of 2 SPRINGVALE COTTAGE on THE STREET.