2, PEARL CLOSE, OTLEY, IPSWICH, IP6 9QP - £395,000

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 PEARL CLOSE is a very large extended detached house of 196m², built sometime between 1976 and 1982, which could now be worth an estimated £772,549. It was last sold for £395,000 in June 2005, which was around 83% above the average June 2005 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was C.

2 PEARL CLOSE Sold Prices

Land registry data shows two sales for 2 PEARL 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 East Suffolk local authority area for the corresponding sale date. Both of the two 2 PEARL 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
2005 22 JUN	£395,000	£216,301	83% above HPI
2002 25 APR	£284,500	£147,366	93% above HPI

2 PEARL 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 two 2 PEARL CLOSE sales from April 2002 and June 2005 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 April 2002 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the June 2005 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might 2 PEARL CLOSE be worth now?

2 PEARL CLOSE might now be worth an estimated £772,549.

This is based on house price inflation of 95.6%, between June 2005 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 95.6% inflationary increase is applied to the most recent sale price for 2 PEARL CLOSE of £395,000 on 22nd June 2005. For the value to have increased from £395,000 to £772,549 over the twenty years and four months to February 2025, the following assumptions must hold true:

• The value of 2 PEARL CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2005 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PEARL CLOSE has not materially changed since June 2005.

How Large is 2 PEARL CLOSE?

2 PEARL CLOSE is 196m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 20% of detached houses houses in Otley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otley, and where 2 PEARL CLOSE lies on this distribution: 85% of detached houses houses are smaller than 2 PEARL CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Otley.

2 PEARL CLOSE: Plot and Title Map

2 PEARL CLOSE sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 2 PEARL 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 PEARL 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 PEARL CLOSE?

2 PEARL CLOSE is located in OTLEY, in the IP6 postcode district. The below map shows the position of No. 2 on PEARL CLOSE.