24, RILEY CLOSE, IPSWICH, IP1 5QD - £300,000

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.

24 RILEY CLOSE is a large detached house of 126m², built sometime between 1996 and 2002, which could now be worth an estimated £334,359. It was last sold for £300,000 in August 2020, which was around 14% below the average August 2020 detached price in the Ipswich local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

24 RILEY CLOSE Sold Prices

Land registry data shows three sales for 24 RILEY 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. Two of the three 24 RILEY CLOSE sales were for below the average price, whilst one was 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
2020 18 AUG	£300,000	£348,288	14% below HPI
2007 4 JUL	£249,995	£253,299	1% below HPI
2000 30 JUN	£126,000	£120,750	4% above HPI

24 RILEY 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 24 RILEY CLOSE sales between June 2000 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 July 2007 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 24 RILEY CLOSE be worth now?

24 RILEY CLOSE might now be worth an estimated £334,359.

This is based on house price inflation of 11.5%, between August 2020 and June 2025, 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 11.5% inflationary increase is applied to the most recent sale price for 24 RILEY CLOSE of £300,000 on 18th August 2020. For the value to have increased from £300,000 to £334,359 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 24 RILEY CLOSE has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The August 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 24 RILEY CLOSE has not materially changed since August 2020.

How Large is 24 RILEY CLOSE?

24 RILEY CLOSE is 126m² according to the EPC inspection conducted in October 2011. This puts it in the largest 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 24 RILEY CLOSE lies on this distribution: 63% of detached houses houses are smaller than 24 RILEY CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

24 RILEY CLOSE: Plot and Title Map

24 RILEY CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 24 RILEY 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 24 RILEY 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 24 RILEY CLOSE?

24 RILEY CLOSE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 24 on RILEY CLOSE.