FLAT 16, 2, BACK HAMLET, IPSWICH, IP3 8AJ - £72,000

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.

FLAT 16 2 BACK HAMLET is a very small flat of 46m², built sometime between 2003 and 2006, which could now be worth an estimated £76,444. It was last sold for £72,000 in August 2020, which was around 40% below the average August 2020 flat price in the Ipswich local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

FLAT 16 2 BACK HAMLET Sold Prices

Land registry data shows two sales for FLAT 16 2 BACK HAMLET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Ipswich local authority area for the corresponding sale date. One of the two FLAT 16 2 BACK HAMLET 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
2020 19 AUG	£72,000	£120,532	40% below HPI
2007 7 AUG	£135,000	£108,940	24% above HPI

What might FLAT 16 2 BACK HAMLET be worth now?

FLAT 16 2 BACK HAMLET might now be worth an estimated £76,444.

This is based on house price inflation of 6.2%, between August 2020 and May 2026, for flats, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for FLAT 16 2 BACK HAMLET of £72,000 on 19th August 2020. For the value to have increased from £72,000 to £76,444 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of FLAT 16 2 BACK HAMLET has moved in line with the HPI for flats in the Ipswich local authority area.
• The August 2020 sale price of £72,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 16 2 BACK HAMLET has not materially changed since August 2020.

How Large is FLAT 16 2 BACK HAMLET?

FLAT 16 2 BACK HAMLET is 46m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of flats in Ipswich, based on EPC data. 20% of flats are smaller than FLAT 16 2 BACK HAMLET, and 78% of flats are larger. Note that EPC data is not available for all properties in Ipswich.

FLAT 16 2 BACK HAMLET: Plot

FLAT 16 2 BACK HAMLET sits on a plot of roughly 0.172 of an acre, or 695m².

Where is FLAT 16 2 BACK HAMLET?

FLAT 16, 2 BACK HAMLET is located in IPSWICH, in the IP3 postcode district.