16, MICHIGAN CLOSE, KESGRAVE, IPSWICH, IP5 1HG - £250,000

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.

16 MICHIGAN CLOSE is a very small extended detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £368,653. It was last sold for £250,000 in April 2015, which was around 13% below the average April 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was B.

16 MICHIGAN CLOSE Sold Prices

Land registry data shows three sales for 16 MICHIGAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 16 MICHIGAN CLOSE sales were for below the average price, whilst one 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
2015 1 APR	£250,000	£286,886	13% below HPI
2005 5 JUL	£239,995	£223,345	7% above HPI
1998 25 FEB	£84,000	£84,553	1% below HPI

16 MICHIGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 16 MICHIGAN CLOSE sales between February 1998 and April 2015 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 July 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2015 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 16 MICHIGAN CLOSE be worth now?

16 MICHIGAN CLOSE might now be worth an estimated £368,653.

This is based on house price inflation of 47.5%, between April 2015 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.5% inflationary increase is applied to the most recent sale price for 16 MICHIGAN CLOSE of £250,000 on 1st April 2015. For the value to have increased from £250,000 to £368,653 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 16 MICHIGAN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2015 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MICHIGAN CLOSE has not materially changed since April 2015.

How Large is 16 MICHIGAN CLOSE?

16 MICHIGAN CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of detached houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kesgrave, and where 16 MICHIGAN CLOSE lies on this distribution: 15% of detached houses houses are smaller than 16 MICHIGAN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

16 MICHIGAN CLOSE: Plot and Title Map

16 MICHIGAN CLOSE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 16 MICHIGAN 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 16 MICHIGAN 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 16 MICHIGAN CLOSE?

16 MICHIGAN CLOSE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 16 on MICHIGAN CLOSE.