4, Shetland Way
4, Shetland Way
Description & Estimates
Public records show 4, Shetland Way, Ipswich to be a modern freehold house with 1,248 ft2 of internal area, sitting on a 264 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
4, Shetland Way, Ipswich has an estimated sale value of £432,170 and an estimated rental value of £1,463 per month, assuming reasonable condition and based on the information available.
Shetland Way, Lower Somersham, Ipswich, IP8 lies in the borough of Mid Suffolk, within the IP8 postal district.
Our Data Sources
4, Shetland Way, Ipswich has a single entry in the Land Registry from October 2021 and a single entry in the EPC database dated October 2021.
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
In very good condition, we estimate 4, Shetland Way, Ipswich would be worth £453,778, with a potential rental value of £1,536 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £401,918, with a rental value of £1,361 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 4, Shetland Way, Ipswich has decreased by £16,263 (3.8%) over the last year. During the same period, its estimated monthly rental value has grown by £41 (2.8%). The property's estimated gross yield is currently 4.1%.
Plot Size
4, Shetland Way, Ipswich occupies a 264 m2 plot as recorded by HM Land Registry.
Of the 20 other houses in this postcode, 15 have recorded plot sizes, and this one ranks as the 13th largest.
Energy Efficiency
4, Shetland Way, Ipswich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
4, Shetland Way, Ipswich last changed hands on 29th October 2021, selling for £395,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 5.6% since October 2021.
- Sold Oct 2021£395,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.0 kilometres of 4, Shetland Way, Ipswich across the last 2 years.
Most recently, 1, Shetland Way, Ipswich, IP8 4FF, a freehold house, sold at £505,000 on the 28th October 2022.
Read more about house prices in IP8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 4, Shetland Way, Ipswich as the 11th largest and the 11th most expensive of the 20 addresses on Shetland Way, Lower Somersham, Ipswich, IP8.
Against the IP8 postcode district average, it is £103k more expensive than the typical property.
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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
Needham Market station is the nearest stop to 4, Shetland Way, Ipswich at 6.2 kilometres away.
- 6.2kmNeedham Market
- 8.7kmWesterfield
- 8.7kmIpswich
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
