Ipswich Comparable Pack
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IPSWICH INFORMATION PACK
INDEX
1. 2. 3. 4. 5. 6. 7.
Ipswich Property Market Info House Price Index Property Market Statistics Demographic Info Council Tax Sales Comparables Rental Comparables
1.
IPSWICH PROPERTY MARKET INFO
The size of the property market in IP1 is 15523 homes. Given that the nominal growth rate in this postcode district (IP1) has been about 8% over the last 5 years, it would be reasonable to assume that this is somewhere where the economy cannot support property price growth above the national average. This could be because the area is very rural or is recovering from industrial decline and doesn’t offer sufficient employment opportunities or local amenities to induce people to move to the area. However, areas of this type tend to offer reasonable transport to other places in the vicinity and so benefit from secondary economic growth as the effects of a successful regional hub emanate outwards. Average property prices in this postcode district over the last three months have been approximately £145144. When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 8.1. New transactions as a percentage of overall sales are 6.2%.
2. HOUSE PRICE INDEX
3. PROPERTY MARKET STATISTICS
4. DEMOGRAPHIC INFO
5. COUNCIL TAX BANDING
Band A - £974.76 Band B - £1,137.22 Band C - £1,299.68 Band D - £1,462.14 Band E - £1,787.06 Band F - £2,111.98 Band G - £2,436.90 Band H - £2,924.28 The Band of each property is assessed by the Valuation Office Agency, which is part of the Inland Revenue – an individual assessment is done by the valuation office to notify which charges would apply and which banding your property falls into. To find out the Council Tax band for your property please go to www.voa.gov.uk/council_tax.
6. SALES COMPARABLES The Sales Comparables are to be associated with the Purchase Price after the discount. For example Plot 50 @ £300,000 – after the discount will be purchased for £261,000.00 noting the comparables below in the same development being sold for a higher price without any discount.
7. RENTAL COMPARABLES
INDEX
1. 2. 3. 4. 5. 6. 7.
Ipswich Property Market Info House Price Index Property Market Statistics Demographic Info Council Tax Sales Comparables Rental Comparables
1.
IPSWICH PROPERTY MARKET INFO
The size of the property market in IP1 is 15523 homes. Given that the nominal growth rate in this postcode district (IP1) has been about 8% over the last 5 years, it would be reasonable to assume that this is somewhere where the economy cannot support property price growth above the national average. This could be because the area is very rural or is recovering from industrial decline and doesn’t offer sufficient employment opportunities or local amenities to induce people to move to the area. However, areas of this type tend to offer reasonable transport to other places in the vicinity and so benefit from secondary economic growth as the effects of a successful regional hub emanate outwards. Average property prices in this postcode district over the last three months have been approximately £145144. When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 8.1. New transactions as a percentage of overall sales are 6.2%.
2. HOUSE PRICE INDEX
3. PROPERTY MARKET STATISTICS
4. DEMOGRAPHIC INFO
5. COUNCIL TAX BANDING
Band A - £974.76 Band B - £1,137.22 Band C - £1,299.68 Band D - £1,462.14 Band E - £1,787.06 Band F - £2,111.98 Band G - £2,436.90 Band H - £2,924.28 The Band of each property is assessed by the Valuation Office Agency, which is part of the Inland Revenue – an individual assessment is done by the valuation office to notify which charges would apply and which banding your property falls into. To find out the Council Tax band for your property please go to www.voa.gov.uk/council_tax.
6. SALES COMPARABLES The Sales Comparables are to be associated with the Purchase Price after the discount. For example Plot 50 @ £300,000 – after the discount will be purchased for £261,000.00 noting the comparables below in the same development being sold for a higher price without any discount.
7. RENTAL COMPARABLES
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