17, FARRIERS CLOSE, MARTLESHAM HEATH, IPSWICH, IP5 3SN - £310,000

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.

17 FARRIERS CLOSE is a small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £353,035. It was last sold for £310,000 in March 2021, which was around 17% below the average March 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

17 FARRIERS CLOSE Sold Prices

Land registry data shows four sales for 17 FARRIERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 17 FARRIERS CLOSE sales were for below 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
2021 22 MAR	£310,000	£371,477	17% below HPI
2011 12 AUG	£225,000	£251,942	11% below HPI
1998 27 NOV	£81,000	£91,721	12% below HPI
1995 24 FEB	£72,000	£76,086	5% below HPI

17 FARRIERS 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 four 17 FARRIERS CLOSE sales between February 1995 and March 2021 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 August 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 17 FARRIERS CLOSE be worth now?

17 FARRIERS CLOSE might now be worth an estimated £353,035.

This is based on house price inflation of 13.9%, between March 2021 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 13.9% inflationary increase is applied to the most recent sale price for 17 FARRIERS CLOSE of £310,000 on 22nd March 2021. For the value to have increased from £310,000 to £353,035 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 17 FARRIERS CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2021 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 17 FARRIERS CLOSE has not materially changed since March 2021.

How Large is 17 FARRIERS CLOSE?

17 FARRIERS CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses houses in Martlesham Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martlesham Heath, and where 17 FARRIERS CLOSE lies on this distribution: 37% of detached houses houses are smaller than 17 FARRIERS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Martlesham Heath.

17 FARRIERS CLOSE: Plot and Title Map

17 FARRIERS CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 17 FARRIERS 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 17 FARRIERS 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 17 FARRIERS CLOSE?

17 FARRIERS CLOSE is located in MARTLESHAM HEATH, in the IP5 postcode district. The below map shows the position of No. 17 on FARRIERS CLOSE.