2, LACEWING CLOSE, PINEWOOD, IPSWICH, IP8 3UD - £295,000

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.

2 LACEWING CLOSE is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £351,971. It was last sold for £295,000 in August 2020, which was around 28% below the average August 2020 detached price in the Babergh local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

2 LACEWING CLOSE Sold Prices

Land registry data shows three sales for 2 LACEWING 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 Babergh local authority area for the corresponding sale date. All of the three 2 LACEWING 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
2020 5 AUG	£295,000	£410,711	28% below HPI
2007 19 DEC	£217,000	£303,060	28% below HPI
2001 30 NOV	£143,995	£172,038	16% below HPI

2 LACEWING CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The three 2 LACEWING CLOSE sales between November 2001 and August 2020 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 December 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2020 sale, which was also at 28% below the HPI.

What might 2 LACEWING CLOSE be worth now?

2 LACEWING CLOSE might now be worth an estimated £351,971.

This is based on house price inflation of 19.3%, between August 2020 and June 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.3% inflationary increase is applied to the most recent sale price for 2 LACEWING CLOSE of £295,000 on 5th August 2020. For the value to have increased from £295,000 to £351,971 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 2 LACEWING CLOSE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The August 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LACEWING CLOSE has not materially changed since August 2020.

How Large is 2 LACEWING CLOSE?

2 LACEWING CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 2 LACEWING CLOSE lies on this distribution: 37% of detached houses houses are smaller than 2 LACEWING CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 LACEWING CLOSE: Plot and Title Map

2 LACEWING CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 2 LACEWING 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 2 LACEWING 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 2 LACEWING CLOSE?

2 LACEWING CLOSE is located in PINEWOOD, in the IP8 postcode district. The below map shows the position of No. 2 on LACEWING CLOSE.