7, SPRINGFIELD ROAD, LOWER SOMERSHAM, IPSWICH, IP8 4PG - £235,000

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.

7 SPRINGFIELD ROAD is a small extended detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £314,854. It was last sold for £235,000 in March 2016, which was around 29% below the average March 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was C.

7 SPRINGFIELD ROAD Sold Prices

Land registry data shows one sale for 7 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 31 MAR	£235,000	£332,152	29% below HPI

What might 7 SPRINGFIELD ROAD be worth now?

7 SPRINGFIELD ROAD might now be worth an estimated £314,854.

This is based on house price inflation of 34%, between March 2016 and May 2026, for 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 34% inflationary increase is applied to the most recent sale price for 7 SPRINGFIELD ROAD of £235,000 on 31st March 2016. For the value to have increased from £235,000 to £314,854 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 SPRINGFIELD ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The March 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPRINGFIELD ROAD has not materially changed since March 2016.

How Large is 7 SPRINGFIELD ROAD?

7 SPRINGFIELD ROAD is 90m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 40% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where 7 SPRINGFIELD ROAD lies on this distribution: 30% of detached houses are smaller than 7 SPRINGFIELD ROAD, and 67% of detached houses are larger. Note that EPC data is not available for all properties in Somersham.

7 SPRINGFIELD ROAD: Plot

7 SPRINGFIELD ROAD sits on a plot of roughly 0.123 of an acre, or 496m².

Where is 7 SPRINGFIELD ROAD?

7 SPRINGFIELD ROAD is located in LOWER SOMERSHAM, in the IP8 postcode district.