2, Shetland Way
2, Shetland Way
Description & Estimates
According to the public record, 2, Shetland Way, Ipswich is a modern freehold house with 2,045 ft2 of internal area and sits on a 880 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Shetland Way, Ipswich is £567,981 and the estimated rental value is £1,817 per month.
Shetland Way, Lower Somersham, Ipswich, IP8 is located in the borough of Mid Suffolk within the IP8 postal district.
Our Data Sources
2, Shetland Way, Ipswich has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Shetland Way, Ipswich is in very good condition we estimate a sale value of £596,380 and a rental value of £1,908 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £528,222 and a rental value of £1,690 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Shetland Way, Ipswich has fallen by £20,983 (3.7%), while its estimated rental value has moved up by £45 per month (2.5%). Based on current estimates, the property offers a gross rental yield of 3.8%.
Plot Size
According to data from HM Land Registry, 2, Shetland Way, Ipswich sits on a plot of 880 m2.
We have plot size data on 15 out of 20 other houses in the postcode and 2, Shetland Way, Ipswich sits on the 2nd largest plot.
Energy Efficiency
2, Shetland Way, Ipswich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Oct 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Shetland Way, Ipswich was last sold on 28th October 2022 for £725,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2022, the market for similar properties has dropped by 18.6%.
- Sold Oct 2022£725,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Shetland Way, Ipswich within a radius of 4.0 kilometres over the last 2 years.
The most recent example is Forge House, Ipswich, IP8 4PJ, a freehold house which sold for £575,000 on the 31st July 2024.
Read more about house prices in IP8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Shetland Way, Lower Somersham, Ipswich, IP8 has a total of 20 addresses. According to our analysis of all the public data, 2, Shetland Way, Ipswich is the 2nd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £238k more expensive than the average property in IP8.
More reading links
Schools Nearby
- 600mSomersham Primary School
- 3.2kmElmsett Church of England Primary School
- 4.3kmRingshall School
- 5.2kmClaydon High School
- 6.0kmWestbourne Academy
- 6.8kmOrmiston Endeavour Academy
More reading links
Public Transport Nearby
The closest station to 2, Shetland Way, Ipswich is Needham Market station, which is 6.2 kilometres away.
- 6.2kmNeedham Market
- 8.7kmWesterfield
- 8.7kmIpswich
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
