5, PENNY LANE, PURDIS FARM, IPSWICH, IP3 8UX - £223,000

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.

5 PENNY LANE is a very small extended semi-detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £268,432. It was last sold for £223,000 in August 2018, which was around 1% below the average August 2018 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

5 PENNY LANE Sold Prices

Land registry data shows two sales for 5 PENNY LANE 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 East Suffolk local authority area for the corresponding sale date. One of the two 5 PENNY LANE sales was for below the average price, whilst the other was for above 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 31 AUG	£223,000	£226,389	1% below HPI
2003 10 DEC	£149,995	£126,637	18% above HPI

5 PENNY LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 PENNY LANE sales from December 2003 and August 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 2003 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2018 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 PENNY LANE be worth now?

5 PENNY LANE might now be worth an estimated £268,432.

This is based on house price inflation of 20.4%, between August 2018 and June 2025, for semi-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 20.4% inflationary increase is applied to the most recent sale price for 5 PENNY LANE of £223,000 on 31st August 2018. For the value to have increased from £223,000 to £268,432 over the seven years and two months to June 2025, the following assumptions must hold true:

• The value of 5 PENNY LANE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The August 2018 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENNY LANE has not materially changed since August 2018.

How Large is 5 PENNY LANE?

5 PENNY LANE is 72m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of semi-detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ipswich, and where 5 PENNY LANE lies on this distribution: 7% of semi-detached houses houses are smaller than 5 PENNY LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

5 PENNY LANE: Plot and Title Map

5 PENNY LANE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 5 PENNY 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 5 PENNY 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 5 PENNY LANE?

5 PENNY LANE is located in PURDIS FARM, in the IP3 postcode district. The below map shows the position of No. 5 on PENNY LANE.