THE OLD RECTORY, LOWER SOMERSHAM, IPSWICH, IP8 4PJ - £1,110,000

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.

THE OLD RECTORY is a very large extended detached house of 303m², built sometime before 1900, which could now be worth an estimated £1,301,315. It was last sold for £1,110,000 in December 2017, which was around 192% above the average December 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

THE OLD RECTORY Sold Prices

Land registry data shows three sales for THE OLD RECTORY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three THE OLD RECTORY sales were 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
2017 7 DEC	£1,110,000	£379,593	192% above HPI
2004 8 OCT	£670,000	£236,229	184% above HPI
1999 31 MAR	£372,000	£109,145	241% above HPI

THE OLD RECTORY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three THE OLD RECTORY sales between March 1999 and December 2017 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 October 2004 sale was for 184% above the HPI. So the extrapolation line tracks at 184% above the HPI over time, until the December 2017 sale, where it rises to 192% above the HPI. The line then continues to track at 192% above the HPI.

What might THE OLD RECTORY be worth now?

THE OLD RECTORY might now be worth an estimated £1,301,315.

This is based on house price inflation of 17.2%, between December 2017 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 17.2% inflationary increase is applied to the most recent sale price for THE OLD RECTORY of £1,110,000 on 7th December 2017. For the value to have increased from £1,110,000 to £1,301,315 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of THE OLD RECTORY has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The December 2017 sale price of £1,110,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD RECTORY has not materially changed since December 2017.

How Large is THE OLD RECTORY?

THE OLD RECTORY is 303m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somersham, and where THE OLD RECTORY lies on this distribution: More than 99% of detached houses houses are smaller than THE OLD RECTORY, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Somersham.

THE OLD RECTORY: Plot and Title Map

THE OLD RECTORY sits on a plot of roughly 0.962 of an acre, or 3,893m². The below map shows the location of THE OLD RECTORY, 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 THE OLD RECTORY). 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 THE OLD RECTORY?

THE OLD RECTORY is located in LOWER SOMERSHAM, in the IP8 postcode district. The below map shows the position of THE OLD RECTORY in LOWER SOMERSHAM.