FLAT 6, 2, BACK HAMLET, IPSWICH, IP3 8AJ - £88,000

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 6 2 BACK HAMLET is a very small flat of 42m², built sometime between 2003 and 2006, which could now be worth an estimated £79,443. It was last sold for £88,000 in February 2023, which was around 38% below the average February 2023 flat price in the Ipswich local authority area. The most recent EPC inspection was June 2022, where the current energy rating was B, and the potential energy rating was B.

FLAT 6 2 BACK HAMLET Sold Prices

Land registry data shows five sales for FLAT 6 2 BACK HAMLET since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the Ipswich local authority area for the corresponding sale date. Most of the five FLAT 6 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
2023 1 FEB	£88,000	£141,755	38% below HPI
2020 27 MAR	£86,000	£118,677	28% below HPI
2017 10 MAR	£74,000	£120,968	39% below HPI
2015 25 MAR	£69,000	£101,640	32% below HPI
2007 2 FEB	£143,500	£106,069	35% above HPI

What might FLAT 6 2 BACK HAMLET be worth now?

FLAT 6 2 BACK HAMLET might now be worth an estimated £79,443.

This is based on house price deflation of 9.7%, between February 2023 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 9.7% deflationary decrease is applied to the most recent sale price for FLAT 6 2 BACK HAMLET of £88,000 on 1st February 2023. For the value to have decreased from £88,000 to £79,443 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of FLAT 6 2 BACK HAMLET has moved in line with the HPI for flats in the Ipswich local authority area.
• The February 2023 sale price of £88,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 6 2 BACK HAMLET has not materially changed since February 2023.

How Large is FLAT 6 2 BACK HAMLET?

FLAT 6 2 BACK HAMLET is 42m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of flats in Ipswich, based on EPC data. 13% of flats are smaller than FLAT 6 2 BACK HAMLET, and 85% of flats are larger. Note that EPC data is not available for all properties in Ipswich.

FLAT 6 2 BACK HAMLET: Plot

FLAT 6 2 BACK HAMLET sits on a plot of roughly 0.172 of an acre, or 695m².

Where is FLAT 6 2 BACK HAMLET?

FLAT 6, 2 BACK HAMLET is located in IPSWICH, in the IP3 postcode district.