71, SPRINGFIELD ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4PG - £160,000

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.

71 SPRINGFIELD ROAD is a very small semi-detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £257,142. It was last sold for £160,000 in March 2014, which was around 7% below the average March 2014 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

71 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 71 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 71 SPRINGFIELD ROAD 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
2014 12 MAR	£160,000	£172,689	7% below HPI
2012 17 FEB	£125,000	£162,891	23% below HPI
1995 3 NOV	£38,500	£47,885	20% below HPI

71 SPRINGFIELD ROAD 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 three 71 SPRINGFIELD ROAD sales between November 1995 and March 2014 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 February 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2014 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 71 SPRINGFIELD ROAD be worth now?

71 SPRINGFIELD ROAD might now be worth an estimated £257,142.

This is based on house price inflation of 60.7%, between March 2014 and April 2026, 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 60.7% inflationary increase is applied to the most recent sale price for 71 SPRINGFIELD ROAD of £160,000 on 12th March 2014. For the value to have increased from £160,000 to £257,142 over the eleven years and eleven months to April 2026, the following assumptions must hold true:

• The value of 71 SPRINGFIELD ROAD has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The March 2014 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 71 SPRINGFIELD ROAD has not materially changed since March 2014.

How Large is 71 SPRINGFIELD ROAD?

71 SPRINGFIELD ROAD is 55m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of semi-detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Somersham, and where 71 SPRINGFIELD ROAD lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 71 SPRINGFIELD ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Somersham.

71 SPRINGFIELD ROAD: Plot and Title Map

71 SPRINGFIELD ROAD sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 71 SPRINGFIELD ROAD, 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 71 SPRINGFIELD ROAD). 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 71 SPRINGFIELD ROAD?

71 SPRINGFIELD ROAD is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of No. 71 on SPRINGFIELD ROAD.