7, CHESTNUT RISE, WITNESHAM, IPSWICH, IP6 9HQ - £750,000

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.

7 CHESTNUT RISE is a very large detached house of 233m², built in 2015, which could now be worth an estimated £900,291. It was last sold for £750,000 in April 2019, which was around 121% above the average April 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

7 CHESTNUT RISE Sold Prices

Land registry data shows two sales for 7 CHESTNUT RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 7 CHESTNUT RISE sales were 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
2019 24 APR	£750,000	£339,885	121% above HPI
2017 4 AUG	£695,000	£338,645	105% above HPI

7 CHESTNUT RISE 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 two 7 CHESTNUT RISE sales from August 2017 and April 2019 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 August 2017 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the April 2019 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

What might 7 CHESTNUT RISE be worth now?

7 CHESTNUT RISE might now be worth an estimated £900,291.

This is based on house price inflation of 20%, between April 2019 and May 2026, 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 20% inflationary increase is applied to the most recent sale price for 7 CHESTNUT RISE of £750,000 on 24th April 2019. For the value to have increased from £750,000 to £900,291 over the six years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 CHESTNUT RISE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2019 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHESTNUT RISE has not materially changed since April 2019.

How Large is 7 CHESTNUT RISE?

7 CHESTNUT RISE is 233m² according to the EPC inspection conducted in September 2016. This puts it in the largest 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 7 CHESTNUT RISE lies on this distribution: 89% of detached houses houses are smaller than 7 CHESTNUT RISE, and 11% of houses are larger. Note that EPC data is not available for all properties in Witnesham.

7 CHESTNUT RISE: Plot and Title Map

7 CHESTNUT RISE sits on a plot of roughly 0.200 of an acre, or 811m². The below map shows the location of 7 CHESTNUT RISE, 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 7 CHESTNUT RISE). 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 7 CHESTNUT RISE?

7 CHESTNUT RISE is located in WITNESHAM, in the IP6 postcode district. The below map shows the position of No. 7 on CHESTNUT RISE.