15, ORCHARD CLOSE, EYE, IP23 7DW - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 ORCHARD CLOSE is a large detached house of 151m², built sometime between 2007 and 2011, which could now be worth an estimated £416,669. It was last sold for £400,000 in August 2022, which was around 9% below the average August 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

15 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 15 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the two 15 ORCHARD CLOSE sales was for below the average price, whilst the other was 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
2022 11 AUG	£400,000	£437,591	9% below HPI
2007 26 JUN	£314,950	£266,254	18% above HPI

15 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 15 ORCHARD CLOSE sales from June 2007 and August 2022 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 June 2007 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 ORCHARD CLOSE be worth now?

15 ORCHARD CLOSE might now be worth an estimated £416,669.

This is based on house price inflation of 4.2%, between August 2022 and February 2025, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 15 ORCHARD CLOSE of £400,000 on 11th August 2022. For the value to have increased from £400,000 to £416,669 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 15 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ORCHARD CLOSE has not materially changed since August 2022.

How Large is 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is 151m² according to the EPC inspection conducted in October 2021. This puts it in the largest 30% of detached houses houses in Eye, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eye, and where 15 ORCHARD CLOSE lies on this distribution: 74% of detached houses houses are smaller than 15 ORCHARD CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Eye.

15 ORCHARD CLOSE: Plot and Title Map

15 ORCHARD CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 15 ORCHARD CLOSE, 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 15 ORCHARD CLOSE). 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 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is located in EYE, in the IP23 postcode district. The below map shows the position of No. 15 on ORCHARD CLOSE.