3, HERVEY CLOSE, SHOTLEY GATE, IPSWICH, IP9 1RR - £160,000

3 HERVEY CLOSE is a very small detached house of 67m², built sometime between 1996 and 2002. It was last sold for £160,000 in December 2015, which was around 55% below the average December 2015 detached price in the Babergh local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.

3 HERVEY CLOSE Sold Prices

Land registry data shows four sales for 3 HERVEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 3 HERVEY 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
2015 17 DEC	£160,000	£352,198	55% below HPI
2005 21 DEC	£150,000	£251,588	40% below HPI
1998 2 SEP	£52,000	£105,158	51% below HPI
1995 11 AUG	£46,000	£81,887	44% below HPI

3 HERVEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four 3 HERVEY CLOSE sales between August 1995 and December 2015 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 December 2005 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2015 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 3 HERVEY CLOSE?

3 HERVEY CLOSE is 67m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 10% of detached houses in Shotley Gate, based on EPC data. The below chart shows the distribution of detached houses by size in Shotley Gate, and where 3 HERVEY CLOSE lies on this distribution: 4% of detached houses are smaller than 3 HERVEY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shotley Gate.

3 HERVEY CLOSE: Plot and Title Map

3 HERVEY CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 HERVEY 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 3 HERVEY 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 3 HERVEY CLOSE?

3 HERVEY CLOSE is located in SHOTLEY GATE, in the IP9 postcode district. The below map shows the position of No. 3 on HERVEY CLOSE.