2, SPRITES LANE, SPROUGHTON, IPSWICH, IP8 3SW - £293,000

2 SPRITES LANE is a very small detached house of 73m², built sometime between 1996 and 2002. It was last sold for £293,000 in December 2022, which was around 43% below the average December 2022 detached price in the Babergh local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 SPRITES LANE Sold Prices

Land registry data shows four sales for 2 SPRITES LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 2 SPRITES LANE 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 2 DEC	£293,000	£513,423	43% below HPI
2021 28 MAY	£235,000	£439,343	47% below HPI
2021 12 MAR	£230,000	£445,662	48% below HPI
2015 30 SEP	£182,500	£339,823	46% below HPI

2 SPRITES LANE 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 four 2 SPRITES LANE sales between September 2015 and December 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 May 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2022 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 2 SPRITES LANE?

2 SPRITES LANE is 73m² according to the EPC inspection conducted in July 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 2 SPRITES LANE lies on this distribution: 8% of detached houses are smaller than 2 SPRITES LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 SPRITES LANE: Plot and Title Map

2 SPRITES LANE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 2 SPRITES 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 2 SPRITES 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 2 SPRITES LANE?

2 SPRITES LANE is located in SPROUGHTON, in the IP8 postcode district. The below map shows the position of No. 2 on SPRITES LANE.