29, PAGET CLOSE, NEEDHAM MARKET, IPSWICH, IP6 8XF - £275,000

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

29 PAGET CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £275,000 in September 2016, which was around 19% below the average September 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

29 PAGET CLOSE Sold Prices

Land registry data shows two sales for 29 PAGET 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 29 PAGET 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
2016 26 SEP	£275,000	£338,920	19% below HPI
2014 2 JUN	£215,000	£281,093	24% below HPI

29 PAGET 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 29 PAGET CLOSE sales from June 2014 and September 2016 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 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 29 PAGET CLOSE?

29 PAGET CLOSE is 67m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where 29 PAGET CLOSE lies on this distribution: 8% of detached houses are smaller than 29 PAGET CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

29 PAGET CLOSE: Plot and Title Map

29 PAGET CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 29 PAGET 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 29 PAGET 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 29 PAGET CLOSE?

29 PAGET CLOSE is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 29 on PAGET CLOSE.