NEW HOUSE, BOURNE HILL, WHERSTEAD, IPSWICH, IP2 8ND - £395,000

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.

NEW HOUSE is a very large extended detached house of 182m², built sometime between 1983 and 1990, which could now be worth an estimated £442,408. It was last sold for £395,000 in February 2021, which was around 10% below the average February 2021 detached price in the Babergh local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was C.

NEW HOUSE Sold Prices

Land registry data shows two sales for NEW HOUSE 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. One of the two NEW HOUSE sales was for below the average price, whilst the other was 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
2021 8 FEB	£395,000	£438,486	10% below HPI
2010 17 DEC	£299,500	£275,401	9% above HPI

NEW HOUSE 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 NEW HOUSE sales from December 2010 and February 2021 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 December 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the February 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might NEW HOUSE be worth now?

NEW HOUSE might now be worth an estimated £442,408.

This is based on house price inflation of 12%, between February 2021 and March 2025, 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 12% inflationary increase is applied to the most recent sale price for NEW HOUSE of £395,000 on 8th February 2021. For the value to have increased from £395,000 to £442,408 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of NEW HOUSE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The February 2021 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of NEW HOUSE has not materially changed since February 2021.

How Large is NEW HOUSE?

NEW HOUSE is 182m², which includes two extensions, according to the EPC inspection conducted in May 2020. This puts it in the largest 20% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where NEW HOUSE lies on this distribution: 88% of detached houses houses are smaller than NEW HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.193 of an acre, or 781m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on BOURNE HILL in WHERSTEAD, in the IP2 postcode district. The below map shows the position of NEW HOUSE on BOURNE HILL.