CHESTNUT TREE COTTAGE, UPPER STREET, WITNESHAM, IPSWICH, IP6 9EW - £233,000

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.

CHESTNUT TREE COTTAGE is a very small detached house of 67m², built sometime between 1976 and 1982, which could now be worth an estimated £279,515. It was last sold for £233,000 in November 2017, which was around 32% below the average November 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

CHESTNUT TREE COTTAGE Sold Prices

Land registry data shows three sales for CHESTNUT TREE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three CHESTNUT TREE COTTAGE 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
2017 13 NOV	£233,000	£344,536	32% below HPI
2015 30 JAN	£190,000	£282,650	33% below HPI
2013 10 JUL	£160,000	£256,170	38% below HPI

CHESTNUT TREE COTTAGE 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 three CHESTNUT TREE COTTAGE sales between July 2013 and November 2017 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 January 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might CHESTNUT TREE COTTAGE be worth now?

CHESTNUT TREE COTTAGE might now be worth an estimated £279,515.

This is based on house price inflation of 20%, between November 2017 and April 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 CHESTNUT TREE COTTAGE of £233,000 on 13th November 2017. For the value to have increased from £233,000 to £279,515 over the nine years and seven months to April 2026, the following assumptions must hold true:

• The value of CHESTNUT TREE COTTAGE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2017 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT TREE COTTAGE has not materially changed since November 2017.

How Large is CHESTNUT TREE COTTAGE?

CHESTNUT TREE COTTAGE is 67m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% 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 CHESTNUT TREE COTTAGE lies on this distribution: 3% of detached houses houses are smaller than CHESTNUT TREE COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Witnesham.

CHESTNUT TREE COTTAGE: Plot and Title Map

CHESTNUT TREE COTTAGE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of CHESTNUT TREE COTTAGE, 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 CHESTNUT TREE COTTAGE). 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 CHESTNUT TREE COTTAGE?

CHESTNUT TREE COTTAGE is located on UPPER STREET in WITNESHAM, in the IP6 postcode district. The below map shows the position of CHESTNUT TREE COTTAGE on UPPER STREET.