2, OAKES CLOSE, LAXFIELD, WOODBRIDGE, IP13 8FH - £700,000

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 OAKES CLOSE is a very large detached house of 181m², built in 2019, which could now be worth an estimated £747,249. It was last sold for £700,000 in April 2022, which was around 64% above the average April 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

2 OAKES CLOSE Sold Prices

Land registry data shows two sales for 2 OAKES 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. Both of the two 2 OAKES CLOSE sales were 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 5 APR	£700,000	£427,005	64% above HPI
2021 24 JUN	£675,000	£394,155	71% above HPI

2 OAKES 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 2 OAKES CLOSE sales from June 2021 and April 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 2021 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the April 2022 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might 2 OAKES CLOSE be worth now?

2 OAKES CLOSE might now be worth an estimated £747,249.

This is based on house price inflation of 6.7%, between April 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 6.7% inflationary increase is applied to the most recent sale price for 2 OAKES CLOSE of £700,000 on 5th April 2022. For the value to have increased from £700,000 to £747,249 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 2 OAKES CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The April 2022 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKES CLOSE has not materially changed since April 2022.

How Large is 2 OAKES CLOSE?

2 OAKES CLOSE is 181m² according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses houses in Laxfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Laxfield, and where 2 OAKES CLOSE lies on this distribution: 87% of detached houses houses are smaller than 2 OAKES CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Laxfield.

2 OAKES CLOSE: Plot and Title Map

2 OAKES CLOSE sits on a plot of roughly 0.368 of an acre, or 1,491m². The below map shows the location of 2 OAKES 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 OAKES 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 OAKES CLOSE?

2 OAKES CLOSE is located in LAXFIELD, in the IP13 postcode district. The below map shows the position of No. 2 on OAKES CLOSE.