25, MICHIGAN CLOSE, KESGRAVE, IPSWICH, IP5 1HG - £337,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

25 MICHIGAN CLOSE is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £337,500 in August 2017, which was about the average August 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was B, and the potential energy rating was A.

25 MICHIGAN CLOSE Sold Prices

Land registry data shows two sales for 25 MICHIGAN 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. One of the two 25 MICHIGAN CLOSE sales was roughly equal to the average price, whilst the other was 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
2017 11 AUG	£337,500	£338,592	Close to HPI
2013 8 NOV	£210,000	£261,530	20% below HPI

25 MICHIGAN 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 25 MICHIGAN CLOSE sales from November 2013 and August 2017 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 November 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2017 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 25 MICHIGAN CLOSE?

25 MICHIGAN CLOSE is 60m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 25 MICHIGAN CLOSE lies on this distribution: 2% of detached houses are smaller than 25 MICHIGAN CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

25 MICHIGAN CLOSE: Plot and Title Map

25 MICHIGAN CLOSE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 25 MICHIGAN 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 25 MICHIGAN 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 25 MICHIGAN CLOSE?

25 MICHIGAN CLOSE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 25 on MICHIGAN CLOSE.