7, ESSEX WAY, PURDIS FARM, IPSWICH, IP3 8SN - £68,000

7 ESSEX WAY is a very small extended detached house of 70m², built sometime between 1983 and 1990. It was last sold for £68,000 in February 1998, which was around 20% below the average February 1998 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

7 ESSEX WAY Sold Prices

Land registry data shows two sales for 7 ESSEX WAY 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 ESSEX WAY 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
1998 10 FEB	£68,000	£84,540	20% below HPI
1996 29 MAR	£59,995	£72,548	17% below HPI

7 ESSEX WAY 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 ESSEX WAY sales from March 1996 and February 1998 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 March 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 1998 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7 ESSEX WAY?

7 ESSEX WAY is 70m², which includes one extension, according to the EPC inspection conducted in August 2022. 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 7 ESSEX WAY lies on this distribution: 6% of detached houses are smaller than 7 ESSEX WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

7 ESSEX WAY: Plot and Title Map

7 ESSEX WAY sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 7 ESSEX 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 7 ESSEX 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 7 ESSEX WAY?

7 ESSEX WAY is located in PURDIS FARM, in the IP3 postcode district. The below map shows the position of No. 7 on ESSEX WAY.