68, SPRINGFIELD LANE, IPSWICH, IP1 4EW - £192,500

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.

68 SPRINGFIELD LANE is a very small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £218,975. It was last sold for £192,500 in July 2020, which was around 45% below the average July 2020 detached price in the Ipswich local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

68 SPRINGFIELD LANE Sold Prices

Land registry data shows four sales for 68 SPRINGFIELD 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 Ipswich local authority area for the corresponding sale date. All of the four 68 SPRINGFIELD 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
2020 2 JUL	£192,500	£346,969	45% below HPI
2004 4 OCT	£139,995	£229,342	39% below HPI
1997 7 JUL	£48,000	£82,001	41% below HPI
1995 17 AUG	£40,000	£76,634	48% below HPI

68 SPRINGFIELD LANE 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 four 68 SPRINGFIELD LANE sales between August 1995 and July 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 October 2004 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2020 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 68 SPRINGFIELD LANE be worth now?

68 SPRINGFIELD LANE might now be worth an estimated £218,975.

This is based on house price inflation of 13.8%, between July 2020 and March 2025, for detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 68 SPRINGFIELD LANE of £192,500 on 2nd July 2020. For the value to have increased from £192,500 to £218,975 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 68 SPRINGFIELD LANE has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The July 2020 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 68 SPRINGFIELD LANE has not materially changed since July 2020.

How Large is 68 SPRINGFIELD LANE?

68 SPRINGFIELD LANE is 86m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 68 SPRINGFIELD LANE lies on this distribution: 20% of detached houses houses are smaller than 68 SPRINGFIELD LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

68 SPRINGFIELD LANE: Plot and Title Map

68 SPRINGFIELD LANE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 68 SPRINGFIELD 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 68 SPRINGFIELD 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 68 SPRINGFIELD LANE?

68 SPRINGFIELD LANE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 68 on SPRINGFIELD LANE.