2, MALKIN CLOSE, IPSWICH, IP1 6FE - £282,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MALKIN CLOSE is a small detached house of 90m², which could now be worth an estimated £300,647. It was last sold for £282,500 in February 2021, which was around 23% below the average February 2021 detached price in the Ipswich local authority area. The most recent EPC inspection was February 2014, where the current energy rating was B, and the potential energy rating was B.

2 MALKIN CLOSE Sold Prices

Land registry data shows three sales for 2 MALKIN 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 Ipswich local authority area for the corresponding sale date. All of the three 2 MALKIN 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 19 FEB	£282,500	£369,170	23% below HPI
2018 22 MAY	£250,000	£343,375	27% below HPI
2014 17 APR	£195,000	£252,210	23% below HPI

2 MALKIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The three 2 MALKIN CLOSE sales between April 2014 and February 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 May 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 MALKIN CLOSE be worth now?

2 MALKIN CLOSE might now be worth an estimated £300,647.

This is based on house price inflation of 6.4%, between February 2021 and December 2024, for detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.4% inflationary increase is applied to the most recent sale price for 2 MALKIN CLOSE of £282,500 on 19th February 2021. For the value to have increased from £282,500 to £300,647 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 2 MALKIN CLOSE has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The February 2021 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MALKIN CLOSE has not materially changed since February 2021.

How Large is 2 MALKIN CLOSE?

2 MALKIN CLOSE is 90m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% 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 MALKIN CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 MALKIN CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

2 MALKIN CLOSE: Plot and Title Map

2 MALKIN CLOSE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 2 MALKIN 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 MALKIN 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 MALKIN CLOSE?

2 MALKIN CLOSE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 2 on MALKIN CLOSE.