THE SPINNEY, CHAPEL ROAD, OTLEY, IPSWICH, IP6 9NU - £525,000

THE SPINNEY is a very large detached house of 238m², built sometime between 1983 and 1990. It was last sold for £525,000 in February 2016, which was around 72% above the average February 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two THE SPINNEY 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
2016 3 FEB	£525,000	£304,504	72% above HPI
1999 25 NOV	£230,000	£100,119	130% above HPI

THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two THE SPINNEY sales from November 1999 and February 2016 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 November 1999 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the February 2016 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 238m² according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses in Otley, based on EPC data. The below chart shows the distribution of detached houses by size in Otley, and where THE SPINNEY lies on this distribution: 96% of detached houses are smaller than THE SPINNEY, and 2% of houses are larger. Note that EPC data is not available for all properties in Otley.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.490 of an acre, or 1,982m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on CHAPEL ROAD in OTLEY, in the IP6 postcode district. The below map shows the position of THE SPINNEY on CHAPEL ROAD.