MAJORCA, THREADNEEDLE STREET, HADLEIGH, IPSWICH, IP7 5DF - £275,000

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.

MAJORCA is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £313,689. It was last sold for £275,000 in September 2018, which was around 35% below the average September 2018 detached price in the Babergh local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

MAJORCA Sold Prices

Land registry data shows two sales for MAJORCA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two MAJORCA 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
2018 29 SEP	£275,000	£421,029	35% below HPI
2017 6 OCT	£275,000	£411,299	33% below HPI

MAJORCA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two MAJORCA sales from October 2017 and September 2018 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 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might MAJORCA be worth now?

MAJORCA might now be worth an estimated £313,689.

This is based on house price inflation of 14.1%, between September 2018 and April 2026, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.1% inflationary increase is applied to the most recent sale price for MAJORCA of £275,000 on 29th September 2018. For the value to have increased from £275,000 to £313,689 over the eight years and five months to April 2026, the following assumptions must hold true:

• The value of MAJORCA has moved in line with the HPI for detached houses in the Babergh local authority area.
• The September 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of MAJORCA has not materially changed since September 2018.

How Large is MAJORCA?

MAJORCA is 78m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses houses in Hadleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hadleigh, and where MAJORCA lies on this distribution: 12% of detached houses houses are smaller than MAJORCA, and 88% of houses are larger. Note that EPC data is not available for all properties in Hadleigh.

MAJORCA: Plot and Title Map

MAJORCA sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of MAJORCA, 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 MAJORCA). 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 MAJORCA?

MAJORCA is located on THREADNEEDLE STREET in HADLEIGH, in the IP7 postcode district. The below map shows the position of MAJORCA on THREADNEEDLE STREET.