FLAT 5, 2, BACK HAMLET, IPSWICH, IP3 8AJ - £63,000

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 5 2 BACK HAMLET is a very small flat of 40m², built sometime before 1900, which could now be worth an estimated £61,381. It was last sold for £63,000 in June 2024, which was around 52% below the average June 2024 flat price in the Ipswich local authority area. The most recent EPC inspection was March 2021, where the current energy rating was E, and the potential energy rating was C.

FLAT 5 2 BACK HAMLET Sold Prices

Land registry data shows four sales for FLAT 5 2 BACK HAMLET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Ipswich local authority area for the corresponding sale date. Most of the four FLAT 5 2 BACK HAMLET 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
2024 21 JUN	£63,000	£131,347	52% below HPI
2020 8 DEC	£60,500	£123,746	51% below HPI
2015 26 AUG	£70,000	£103,613	32% below HPI
2007 26 JAN	£107,900	£104,682	3% above HPI

What might FLAT 5 2 BACK HAMLET be worth now?

FLAT 5 2 BACK HAMLET might now be worth an estimated £61,381.

This is based on house price deflation of 2.6%, between June 2024 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 2.6% deflationary decrease is applied to the most recent sale price for FLAT 5 2 BACK HAMLET of £63,000 on 21st June 2024. For the value to have decreased from £63,000 to £61,381 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of FLAT 5 2 BACK HAMLET has moved in line with the HPI for flats in the Ipswich local authority area.
• The June 2024 sale price of £63,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 5 2 BACK HAMLET has not materially changed since June 2024.

How Large is FLAT 5 2 BACK HAMLET?

FLAT 5 2 BACK HAMLET is 40m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of flats in Ipswich, based on EPC data. 11% of flats are smaller than FLAT 5 2 BACK HAMLET, and 88% of flats are larger. Note that EPC data is not available for all properties in Ipswich.

FLAT 5 2 BACK HAMLET: Plot

FLAT 5 2 BACK HAMLET sits on a plot of roughly 0.172 of an acre, or 695m².

Where is FLAT 5 2 BACK HAMLET?

FLAT 5, 2 BACK HAMLET is located in IPSWICH, in the IP3 postcode district.