5, Shetland Way
5, Shetland Way
Description & Estimates
5, Shetland Way, Ipswich is recorded publicly as a modern freehold house across 1,044 ft2 of internal area, sitting on a 307 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Shetland Way, Ipswich is £392,188 and its rental estimate is £1,356 per month, given the available information and assuming reasonable condition.
Shetland Way, Lower Somersham, Ipswich, IP8 falls within the IP8 postal district, in the borough of Mid Suffolk.
Our Data Sources
5, Shetland Way, Ipswich has a single entry in the Land Registry from December 2021 and a single entry in the EPC database dated December 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5, Shetland Way, Ipswich, we estimate a market value of £411,798 and a rental value of £1,424 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £364,735 and £1,261 per month respectively.
Recent Market Change
Over the last year, 5, Shetland Way, Ipswich has seen its estimated sale value decline by £12,669 (3.2%) and its estimated rental value climb by £38 per month (2.8%). This results in an estimated gross rental yield of 4.1%.
Plot Size
HM Land Registry records the plot of land for 5, Shetland Way, Ipswich as measuring 307 m2.
That makes it the 12th largest plot in the postcode, where 15 of the 20 other houses have recorded plot data.
Energy Efficiency
5, Shetland Way, Ipswich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Dec 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
The most recent sale of 5, Shetland Way, Ipswich completed on 16th December 2021 at £395,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 1.8% over the period since December 2021.
- Sold Dec 2021£395,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Shetland Way, Ipswich have sold within a radius of 4.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th January 2022, was 2, Cowslip Drive, Ipswich, IP8 4FG, a freehold house which sold for £400,000.
Read more about house prices in IP8.
- Sold Jan 2022£400,000 | 3 Bed House2, Cowslip Drive, Ipswich, IP8 4FG2, Cowslip Drive, Ipswich, IP8 4FG
- Sold Nov 2021£340,000 | 3 Bed House6, Shetland Way, Ipswich, IP8 4FF6, Shetland Way, Ipswich, IP8 4FF
- Sold Oct 2021£350,000 | 3 Bed House3, Shetland Way, Ipswich, IP8 4FF3, Shetland Way, Ipswich, IP8 4FF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 20 addresses on Shetland Way, Lower Somersham, Ipswich, IP8, 5, Shetland Way, Ipswich comes out as the 16th largest and the 13th most expensive in our analysis of the public data.
It is also £63k more expensive than the average property across the IP8 district.
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
From 5, Shetland Way, Ipswich, the nearest station is Needham Market, 6.2 kilometres away.
- 6.2kmNeedham Market
- 8.7kmWesterfield
- 8.7kmIpswich
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
