4, GILBERT CLOSE, NEEDHAM MARKET, IPSWICH, IP6 8XQ - £265,000

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

4 GILBERT CLOSE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £265,000 in September 2021, which was around 32% below the average September 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

4 GILBERT CLOSE Sold Prices

Land registry data shows three sales for 4 GILBERT 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 Mid Suffolk local authority area for the corresponding sale date. All of the three 4 GILBERT 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
2021 29 SEP	£265,000	£389,810	32% below HPI
2013 26 SEP	£162,500	£263,851	38% below HPI
2007 6 JUL	£179,995	£265,489	32% below HPI

4 GILBERT 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 three 4 GILBERT CLOSE sales between July 2007 and September 2021 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 September 2013 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 4 GILBERT CLOSE?

4 GILBERT CLOSE is 68m² according to the EPC inspection conducted in May 2013. 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 4 GILBERT CLOSE lies on this distribution: 9% of detached houses are smaller than 4 GILBERT CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

4 GILBERT CLOSE: Plot and Title Map

4 GILBERT CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 4 GILBERT 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 4 GILBERT 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 4 GILBERT CLOSE?

4 GILBERT CLOSE is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 4 on GILBERT CLOSE.