3, GIPPING WAY, BRAMFORD, IPSWICH, IP8 4HW - £277,000

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.

3 GIPPING WAY is a very small semi-detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £290,712. It was last sold for £277,000 in June 2023, which was around 4% above the average June 2023 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

3 GIPPING WAY Sold Prices

Land registry data shows two sales for 3 GIPPING WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the two 3 GIPPING WAY sales was for above the average price, whilst the other was 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
2023 9 JUN	£277,000	£267,144	4% above HPI
2020 6 NOV	£186,000	£244,541	24% below HPI

3 GIPPING WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 3 GIPPING WAY sales from November 2020 and June 2023 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 November 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 3 GIPPING WAY be worth now?

3 GIPPING WAY might now be worth an estimated £290,712.

This is based on house price inflation of 5%, between June 2023 and June 2025, for semi-detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5% inflationary increase is applied to the most recent sale price for 3 GIPPING WAY of £277,000 on 9th June 2023. For the value to have increased from £277,000 to £290,712 over the two years to June 2025, the following assumptions must hold true:

• The value of 3 GIPPING WAY has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The June 2023 sale price of £277,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GIPPING WAY has not materially changed since June 2023.

How Large is 3 GIPPING WAY?

3 GIPPING WAY is 56m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of semi-detached houses houses in Bramford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bramford, and where 3 GIPPING WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 3 GIPPING WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Bramford.

3 GIPPING WAY: Plot and Title Map

3 GIPPING WAY sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 3 GIPPING 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 3 GIPPING 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 3 GIPPING WAY?

3 GIPPING WAY is located in BRAMFORD, in the IP8 postcode district. The below map shows the position of No. 3 on GIPPING WAY.